Gold became cheaper a day before Akshaya Tritiya
The holy festival of Akshaya Tritiya is Tuesday i.e. tomorrow. According to the belief, buying gold on the occasion of Akshaya Tritiya is considered auspicious. In such a situation, if you are also planning to buy gold and silver, then there is good news for you. Gold is getting cheaper than its all-time high at Rs 4145 per 10 grams and silver at Rs 15206 per kg. At present, gold is getting around Rs 52000 per 10 grams and silver at the rate of Rs 64700 per kg.
Last week, gold prices declined by Rs 236 per 10 grams, while silver declined by Rs 718 per kg. With the fall in the price of silver along with gold, people are getting excited about buying.
New rate will be released today after two days
Actually, a new business week is starting from today. Today is the first day of the new business week. Earlier in the last trading week, along with gold in the bullion market, there was a big softening in the price of silver. In such a situation, today everyone’s eyes will be on how gold and silver move in the Indian bullion market on the first day of the new trading week.
New price is not issued on Saturday-Sunday
It is worth noting that the website of Indian Bullion Jewelers Association (IBJA) remains closed on holidays. Therefore, due to the 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.
Gold is getting cheaper by Rs 4145 and silver by Rs 15206 from all time high
After this fall, gold was selling cheaper by about Rs 4145 per 10 grams than its all-time high. Let us tell you that gold 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 15206 per kg from its highest level. The all-time high level of silver is Rs 79980 per kg.
On Friday, gold closed at Rs 52055 per 10 grams. Whereas on Thursday, gold closed at Rs 51526. On the other hand, silver closed at Rs 64774 per kg. Earlier on Thursday, silver closed at 64266 per kg level. On Friday, gold became costlier by Rs 529 per 10 grams as compared to the previous trading day, while silver rose by Rs 508 per kg. Earlier on Thursday, gold became cheaper by Rs 223 per 10 grams, while silver had registered a big fall of Rs 1011 per kg.
14 to 24 carat gold latest price
On Friday, 24 carat gold became costlier by Rs 529 by Rs 52055, 23 carat gold by 527 by Rs 51847, 22 carat gold by 484 by Rs 47682, 18 carat gold by Rs 396 by Rs 39041 and 14 carat gold by Rs 309. It closed at Rs 30452 per 10 grams.
Movement in the price of gold and silver in the international market
In fact, amidst the ongoing 65-day war between Russia and Ukraine 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, for information about frequent updates, you can visit www.ibja.co or ibjarates.com.
Buy gold only after seeing hallmark
Let us tell you that while buying gold, keep in mind its quality. Gold jewelery should be bought only after seeing the hallmark. The hallmark is a government guarantee of gold and the Bureau of Indian Standards (BIS) is the only agency in India that determines the hallmark. The hallmarking scheme operates under the Bureau of Indian Standards Act, rules and regulations. Hall marks are given by ISO to identify the purity of gold. 999 on 24 carat gold, 958 on 23 carat, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat. Most of the gold is sold in 22 carats, while some people also use 18 carats. Carat is not more than 24, and the higher the carat, the purer the gold is.
