Gold Price Update: If you are also planning to buy gold or gold jewelry during the wedding season, then there is important news for you. Gold has once again reached Rs 51400 per 10 grams and silver above Rs 62700 per kg. However, gold is still getting cheaper by about Rs 4700 and silver by Rs 17000 from its all-time high.
Rate is not issued on holidays
It is worth noting that the website of Indian Bullion Jewelers Association (IBJA) remains closed on holidays. Therefore, due to closure on Saturday and Sunday, now the market will open directly on Monday. In fact, Indian Bull and Jewelers Association (IBJA) does not issue gold and silver rates on national holidays as well as on Saturdays and Sundays.
This was the rate of gold and silver on Friday
On Friday, gold became expensive by Rs 250 per ten grams and closed at Rs 51455 per 10 grams. Whereas on the last trading day on Thursday, gold became expensive at the rate of Rs 599 per ten grams and closed at the level of Rs 51205 per 10 grams.
On the other hand, silver on Friday closed at Rs 62076 per kg with a gain of Rs 1265. Whereas on the last trading day on Thursday, silver closed at Rs 62076 per kg with a gain of Rs 1265.
14 to 24 carat gold latest price
In this way, 24 carat gold becomes costlier by Rs 250 on Friday by Rs 51455, 23 carat gold by 249 by Rs 51249, 22 carat gold by 229 by Rs 47133, 18 carat gold by Rs 187 and Rs 38591 and 14 carat gold. It became expensive by Rs 146 and closed at Rs 30101 per 10 grams.
Gold 4700 and silver 17000 is getting cheaper from all time high
Even after this rise, gold was selling cheaper by about Rs 4745 per 10 grams than its all-time high. Let us tell you that gold had made its all-time high in August 2020. At that time gold had gone up to the level of Rs 56200 per ten grams. At the same time, silver was getting cheaper at the rate of about Rs 17192 per kg from its highest level. The all-time high level of silver is Rs 79980 per kg.
Movement in the price of gold and silver in the international market
In fact, amidst the ongoing war between Russia and Ukraine for the last 100 days and the volatility in the price of crude oil in the international market, there is a situation of volatility in the bullion market around the world including India. In such a situation, there is a movement in the price of gold and silver all over the world.
Know the latest gold price by giving a missed call
You can give a missed call to 8955664433 to know the retail rates of 22 karat and 18 karat gold jewellery. Rates will be received through SMS in a short time. Along with this, you can visit www.ibja.co or ibjarates.com for information about frequent updates.
24 carat gold is purest
Let us tell you that 24 carat gold is considered the purest, but jewelry cannot be made from this gold because it is very soft. Therefore, mostly 22 carat gold is used in making jewelery or jewellery. 24 carat gold is 99.9 percent quality and 22 carat is about 91 percent pure. Jewelery is prepared by mixing 9% other metals like copper, silver, zinc in 22 carat gold, while 24 carat gold is brilliant, but its ornaments cannot be made. That’s why most of the shopkeepers sell gold in 22 carats.
