Gold Price Today: If you are now considering buying gold and silver jewellery, then this news is important for you. Because the prices of gold and silver have been seen fluctuating for the last several days. No increase in the price of gold has been recorded in the Indian bullion market today on October 8. Today the business of 24 carat stopped at Rs 52,360 while the price of 10 grams of 22 carat gold has gone up to Rs 48,000.
Gold and Silver status on IBJA
According to today’s update of Indian Bullion Jewelers Association (IBJA), an increase of Rs 10 has been registered in the price of gold on 8 October 2022 (8 October 2022). After the increase, ten grams of gold is becoming expensive and is being sold at Rs 52,360 per 10 grams. Whereas last Thursday, the price of gold became expensive by Rs 400 per ten grams and closed at Rs 52,360 per ten grams.
At the same time, on the fifth day of the trading week, there was no increase in silver price. Today, 1 kg of silver is becoming expensive and is being sold at Rs 61,500 per kg. Whereas on the last Veer Vaar too, silver became costlier by Rs 200 and closed at Rs 61,500 per kg.
Gold and silver become so much cheaper than all-time high
From the year 2020, at this time gold is cheaper by about Rs 6200 per 10 grams from its all-time high. In 2020, the price of gold was at the level of Rs 56,200 per 10 grams. At the same time, silver was selling at its highest level at Rs 79,980 per kg. And today silver is getting cheaper from its highest level at the rate of about Rs 25642 per kg. So this is a good opportunity for those who want to make gold and silver jewelry. Let us tell you that like the Indian market, gold is being traded in the international market too.
24 carat gold is purest
24-carat gold is 99.9 percent pure and 22 carat is about 91 percent pure. Jewellery is prepared by mixing 9% other metals like copper, silver, and zinc in 22-carat gold. While 24-carat gold is brilliant, it cannot be made into jewelry. That’s why most of the shopkeepers sell gold in 22 carats. 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, 22-carat gold is mostly used in making jewelry or jewellery. 24-carat gold is 99.9 percent quality and 22 carats is about 91 percent pure.
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Know the purity of gold like this
If you now want to check the purity of gold, then an app has been made by the government for this. With the BIS Care app, customers can check the purity of gold. Through this app, you can not only check the purity of gold, but can also make any complaint related to it.
Buy gold only after seeing the hallmark
While buying gold, customers must take care of 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. Hallmarking scheme works under the Bureau of Indian Standards Act, rules and regulation.
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Know what is the difference between 22 and 24 carat gold?
24 carat gold is 99.9 percent pure 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, it cannot be made into jewelry. That’s why most of the shopkeepers sell gold in 22 carat.
Know the latest gold price by giving a missed call
You can give a missed call on 8955664433 to know the retail rates of 22 karat and 18 karat gold jewelry. 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.
Gold Price and Silver Price in major cities of the country
Delhi
22ct Gold: Rs. 48,000, 24ct Gold: Rs. 52,360, Silver Price: Rs. 60,800
Mumbai
22ct Gold: Rs. 47,850, 24ct Gold: Rs. 52,200, Silver Price: Rs. 60,800
Kolkata
22ct Gold: Rs. 47,850, 24ct Gold: Rs. 52,200, Silver Price: Rs. 60,800
Chennai
22ct Gold: Rs. 48,350, 24ct Gold: Rs. 52,750, Silver Price: Rs. 66,500
Hyderabad
22ct Gold: Rs. 47,850, 24ct Gold: Rs. 52,200, Silver Price: Rs. 66,500
Bangalore
22ct Gold: Rs. 47,900, 24ct Gold: Rs. 52,250, Silver Price: Rs. 66,500
Mangalore
22ct Gold: Rs. 47,900, 24ct Gold: Rs. 52,250, Silver Price: Rs. 66,500
Ahmedabad
22ct Gold: Rs. 47,900, 24ct Gold: Rs. 52,250, Silver Price: Rs. 60,800
Surat
22ct Gold: Rs. 47,900, 24ct Gold: Rs. 52,250, Silver Price: Rs. 60,800
Nagpur
22ct Gold: Rs. 47,880, 24ct Gold: Rs. 52,230, Silver Price: Rs. 60,800
Pune
22ct Gold: Rs. 47,880, 24ct Gold: Rs. 52,230, Silver Price: Rs. 60,800
Bhubaneswar
22ct Gold: Rs. 47,850, 24ct Gold: Rs. 52,200, Silver Price: Rs. 66,500
Chandigarh
22ct Gold: Rs. 48,000, 24ct Gold: Rs. 52,360, Silver Price: Rs. 60,800
Jaipur
22ct Gold: Rs. 48,000, 24ct Gold: Rs. 52,360, Silver Price: Rs. 60,800
Lucknow
22ct Gold: Rs. 48,000, 24ct Gold: Rs. 52,360, Silver Price: Rs. 60,800
Patna
22ct Gold : Rs. 47,880, 24ct Gold : Rs. 52,230, Silver Price : Rs. 60,800
Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)
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