Gold became cheaper by 5200 then silver by Rs 19000
If you are also planning to buy gold or gold jewelry during the wedding season, then there is important news for you. The fall in the price of gold and silver has been going on continuously for the last several days. After this fall, gold has once again reached below Rs 51000 per 10 grams and silver Rs 62000 per kg. After this fall, gold is getting cheaper by about Rs 5200 and silver by Rs 19000 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 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.
This was the rate of gold and silver on Friday
On Friday, gold became cheaper by Rs 96 per ten grams and closed at Rs 50,935 per 10 grams. Whereas on the last trading day on Thursday, gold became cheaper by Rs 9 per ten grams and closed at Rs 51029 per 10 grams.
On the other hand, silver became expensive by Rs 925 and closed at Rs 61806 per kg on Friday. Whereas on Thursday, silver became costlier by Rs 121 and closed at Rs 61806 per kg.
14 to 24 carat gold latest price
In this way, on Friday, 24 carat gold became cheaper by Rs 96 by Rs 50935, 23 carat gold by 94 by Rs 50731, 22 carat gold by 87 by Rs 46656, 18 carat gold by Rs 71 cheaper by Rs 38201 and 14 carat gold. It was cheaper by Rs 55 and closed at Rs 29797 per 10 grams.
Gold 5200 and silver 19000 is getting cheaper from all time high
After this fall, gold was selling cheaper by Rs 5216 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 from its highest level at the rate of about Rs 19,999 per kg. 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, there has been a situation of volatility in the bullion market around the world including India amid the ongoing war between Russia and Ukraine for the last 107 days and the volatility in the price of crude oil in the international market. In such a situation, there is a movement in the price of gold and silver all over the world.
Know the latest price of gold like this 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.
