Gold price update: If you are also planning to buy gold or gold jewelry during the wedding season, there is important news for you. The downward trend in the price of gold and silver over the past few days seems to be coming to an end. On Monday, the first day of this trading week, gold prices rose by Rs 500 per 10 grams and silver by Rs 31 per kg. After this increase, gold fell back below Rs 51,400 per 10 grams and silver Rs 61,000 per kg. Despite this increase, gold becomes cheaper by around Rs 4,700 and silver by Rs 19,000 compared to its all-time high.
On Monday, gold got expensive by Rs 500 per ten grams and closed at Rs 51,435 per 10 grams. While on the last trading day on Friday, gold got cheaper by Rs 96 per ten grams and closed at Rs 50,935 per 10 grams.
Silver, on the other hand, became more expensive by Rs 31 and closed at Rs 60,912 per kg on Monday. While on the last trading day on Friday, silver turned expensive by Rs 925 and closed at Rs 60,881 per kg.
Latest price of 14 to 24 karat gold
In this way, on Monday, 24-karat gold became more expensive by Rs 500 by Rs 51,435, 23-karat gold by 498 by Rs 51,229, 22-karat gold by 458 by Rs 47,114, 18-karat gold by Rs 375 by Rs 38576 and 14k gold. It got expensive by Rs 292 and closed at Rs 30,089 for 10 grams.
4700 gold and 19000 silver are getting cheaper and cheaper
After this fall, gold was selling for less than its all-time high of around Rs 4765 for 10 grams. Let us tell you that gold had reached its all-time high in August 2020. At that time, gold had reached the level of Rs 56200 per ten grams. At the same time, silver was becoming cheaper at the rate of around Rs 19,068 per kg from its peak. The highest silver level ever is Rs 79,980 per kg.
Movement of the price of gold and silver in the international market
In fact, in the midst of the ongoing war between Russia and Ukraine for 111 days and the volatility of the price of crude oil in the international market, there is a situation of volatility in the bullion market around the world, including in 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 like this by giving a missed call
You can give a missed call at 8955664433 for retail prices for 22k and 18k gold jewelry. Rates will be received by SMS in a short time. Along with that, you can visit www.ibja.co or ibjarates.com for frequent update information.
24 karat gold is the purest
Let us tell you that 24 karat gold is considered the purest, but jewelry cannot be made from this gold as it is very soft. Therefore, 22 karat gold is mainly used in the manufacture of jewelry or jewelry. 24 karat gold is 99.9% quality and 22 karat gold is about 91% pure. Jewelry is prepared by mixing 9% of other metals like copper, silver, zinc into 22k gold, while 24k gold is shiny, but its ornaments cannot be made. This is why most traders sell 22 karat gold.
first publication:June 14, 2022, 6:35 a.m.
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