look news india
A day before Navratri, gold has become cheaper for the second consecutive day in the bullion market of the country. Whereas there has been no change in the price of silver. According to the information, the prices of gold and silver fluctuate daily due to taxes and production costs.
On Wednesday, the price of gold fell from 18 carat to 24 carat in the bullion market. With the opening of the bullion market, the price of gold has fallen by Rs 330 to Rs 77060 per 10 grams. Earlier on October 1, its price was Rs 77390 per 10 grams. Talking about the price of 22 carat gold, after falling by Rs 300 on Wednesday, its price has reached Rs 70650.
Apart from this, if we talk about 18 carat gold, then on Wednesday its price has decreased by Rs 250 to Rs 57800 per 10 grams. Whereas on October 1, its price was Rs 58050 per 10 grams. Let us tell you that before buying gold, it is important to check its purity. 24 carat gold is considered the purest and this should also be considered while buying. This is a guarantee of the purity of gold.
Gold prices fell to a four-day low after US Federal Reserve chief Jerome Powell leaned towards less aggressive policy easing. Due to this, the US dollar has increased significantly.
Gold prices fall for the third consecutive day, opportunity to buy
According to the information, gold prices are falling in the bullion market before the festive season and weddings. Gold prices fell for the third day in the bullion market. This is a golden opportunity to buy gold.
Silver prices remained stable for the third day
Apart from gold, if we talk about silver, there was no change in the price of silver when the market opened on Wednesday. The price of silver in the market has reached Rs 95 thousand per kg. Earlier on October 1 also the price was the same.
Know the price by missed call
To know the retail rate of 22 carat and 18 carat gold jewellery, you can give a missed call on mobile number-8955664433. The new prices will be available via SMS within a few minutes. Apart from this, you can visit www.ibja.co or ibjarates.com for continuous updates.
How to know the purity of gold?
Perforation mark is given by ISO (Indian Standards Organization) to identify the purity of gold.
24 karat gold is 99.9 percent pure, and 22 karat gold is approximately 91 percent pure.
Gold is generally sold in 20 and 22 carats. Whereas some people use 18 carat for jewellery.
The price of 24 carat gold is Rs 999, 23 carat is Rs 958, while 22 carat is Rs 916, 21 carat is Rs 875 and 18 carat is Rs 750.
Jewelery is made by mixing 22 carat gold with nine percent other metals like copper, zinc.
There is no adulteration in 24 carat, hence it is found in gold coins, but jewelery is not made of 24 carat gold. For this the shopkeeper sells 18, 20 and 22 carat gold.