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Gold is getting cheaper by Rs 1300 and silver by Rs 11800 in the new year

Gold Price Update: New year 2023 has started from today. If you are also planning to buy gold, silver or its jewelry in the new year, then there is important news for you. For the last several months, the prices of gold and silver have been witnessing a steady rise. In the last trading week, where the price of gold increased by Rs 501 per 10 grams, silver became costlier by Rs 270 per kg. Amidst all this, you still have a chance to buy gold at Rs 1333 per 10 grams and silver at Rs 11888 per kg from all time high.

On Friday (30 December 2022), the last day of the last trading week, gold closed at Rs 54867 per 10 grams and silver at Rs 68092 per kg. On the other hand, on Friday (23 December 2022), gold closed at Rs 54366 per 10 grams and silver at Rs 67822 per kg. While earlier on Friday (16 December 2022), on the last day of the trading week, gold closed at Rs 53998 and silver at 646065.

Rates are not issued on Saturday-Sunday

It may be noted that Indian Bullion Jewelers Association (IBJA) does not issue rates on Saturdays and Sundays except on holidays declared by the Central Government. That is, now the new rate of gold and silver will be released on Monday.

This was the rate of gold and silver on Friday

On Friday (30 December 2022), the fifth day of the last trading week of last year, gold (Gold Price Update) closed at a level of Rs 54867 per kg with a gain of Rs 216 per 10 grams. Whereas on the last trading day on Thursday, gold closed at a level of Rs 54651 per 10 grams with a gain of Rs 80 per 10 grams.

On Friday, once again a rise in the price of gold as well as silver (Gold Price Update) was registered. On Friday, silver became costlier by Rs 252 and closed at Rs 68092 per kg. Whereas on Thursday, the silver rate fell by Rs 8 per kg and closed at Rs 67840 per kg on the last trading day.

Latest 14 to 24 carat gold rate

In this way, on Friday, 24 carat gold became costlier by Rs 216 to Rs 54867, 23 carat gold became costlier by Rs 215 to Rs 54647, 22 carat gold by Rs 198 to Rs 50258, 18 carat gold by Rs 162 to Rs 41150 and 14 carat Gold became costlier by Rs 126 and closed at Rs 31924 per 10 grams.

Gold is getting cheaper by around 1300 and silver by Rs 11800 from all-time high

Gold is currently selling cheaper than its all-time high by Rs 1333 per 10 grams. 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. On the other hand, silver was getting cheaper than its highest level at the rate of Rs 12888 per kg. The all-time high level of silver is Rs 79980 per kg.

Do not delay in buying gold

According to the experts of bullion market, after Kharmas, there is still a lot of time left in the wedding season along with Makar Sankranti on January 14. In such a situation, the phase of rise in the price of gold and silver will continue in the coming days. Also, these people say that soon in the new year 2023, the price of gold will reach near or beyond its highest level. In such a situation, if you have a wedding here too and you want to buy gold, then buy it as soon as possible. So that you can get some benefit.

Know the latest gold price by giving a missed call

To know the retail rate of 22 carat and 18 carat gold jewellery, you can give a missed call on 8955664433. Rates will be received through SMS in a short while. Along with this, for information about frequent updates www.ibja.co Or ibjarates.com But you can see.

Know the purity of gold like this

If you want to check the purity of gold now, 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.

24 carat gold is the 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. That’s why mostly 22 carat gold is used in making jewelry or jewellery. 24 carat gold is 99.9 percent pure and 22 carat is about 91 percent pure. Jewelery is made by mixing 9% other metals like copper, silver, zinc in 22 carat gold, while 24 carat gold is brilliant, but its jewelery cannot be made. That’s why most shopkeepers sell gold in 22 carat.

buy gold only after seeing the hallmark

While buying gold, customers must take care of its quality. Gold ornaments should be bought only after seeing the hallmark. Hallmark is a government guarantee for gold and the Bureau of Indian Standards (BIS) is the only agency in India that determines hallmarks. The Hallmarking Scheme is governed by the Rules and Regulations under the Bureau of Indian Standards Act.

Hall marks are given by ISO to identify the purity of gold. 999 is written on 24 carat gold jewellery, 958 on 23 carat, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat. Mostly gold is sold in 22 carat, while some people also use 18 carat. Carat does not exceed 24, and the higher the carat, the purer the gold.

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 24K gold is luxurious, it cannot be made into jewellery. That’s why most shopkeepers sell gold in 22 carat.

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