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If you are going to buy gold today on the occasion of Dussehra, then first know the new prices of gold and silver for October 12. There has been a change in the prices of gold and silver again on Saturday. The price of gold has increased by Rs 270 and the price of silver has increased by Rs 1000. After the new prices, gold prices have reached close to Rs 77 thousand and silver prices have reached close to Rs 97 thousand.
According to the new prices of gold and silver announced by the bullion market on Saturday, today on October 12, 22 carat gold is trading at Rs 71,350, 24 carat gold at Rs 77,820 and 18 gram gold at Rs 58,380. Whereas the price of one kg silver is Rs 97 thousand. Let us know the prices of gold in different cities.
Silver prices increased
Jaipur, Kolkata. In Ahmedabad, Lucknow, Mumbai, Delhi bullion market, the price of one kg silver is trading at Rs 97 thousand. Whereas in Chennai, Madurai, Hyderabad, Kerala bullion market, silver is being sold at the price of Rs 1 lakh 3 thousand. In Bhopal and Indore, the price of one kg silver is Rs 97 thousand.
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. Also for frequent updates you can visit www.ibja.co or ibjarates.com
What is the difference between 22 and 24 carat gold?
24 carat gold is 99.9 percent pure and 22 carat gold is approximately 91 percent pure. Jewelery is made by mixing 22 carat gold with 9 percent other metals like copper, silver and zinc. Whereas 24 carat gold is shiny. But jewelery cannot be made from it. Therefore most traders are selling 22 carat gold.
Know this before buying 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.