look news india
There has been a decline in gold futures trading today. Silver futures are trading weak after a bullish start. On August 22, gold prices in India were around Rs 72,000 per 10 grams. The price of the highest purity 24 carat gold is Rs 73,210 per 10 grams. Jewelry buyers buy 22 carat gold as it is known for its extra strength due to a little alloy. Today the price of 22 carat gold is Rs 67,110 per 10 grams. Meanwhile, the price of silver is Rs 86,900 per kg.
| City | 22 carat gold price | 24 carat gold price |
| Delhi | 67,260 | 73,360 |
| Mumbai | 67,110 | 73,210 |
| Ahmedabad | 67,160 | 73,260 |
| Chennai | 67,110 | 73,210 |
| Gurgaon | 67,260 | 73,360 |
| Lucknow | 67,260 | 73,360 |
| Hyderabad | 67,110 | 73,210 |
| Hyderabad | 67,110 | 73,210 |
Why did gold prices fall?
Gold prices have been falling continuously since the budget was presented in the country. In the budget speech, Finance Minister Nirmala Sitharaman said that the customs duty on gold has been increased significantly. Its effect is clearly visible on the daily falling price of gold. In such a situation, if you are thinking of buying gold and silver, then this is a 'golden opportunity'.
Know the difference between 22 and 24 carat?
24 carat gold is 99.9% pure and 22 carat gold is about 91% pure. Jewelleries are made by mixing 9% other metals like copper, silver, zinc in 22 carat gold. While 24 carat gold is excellent, jewellery cannot be made from it. That is why most shopkeepers sell gold in 22 carat.
Know the price by missed call
To know the retail rates of 22 carat and 18 carat gold jewellery, you can give a missed call to 8955664433. The rates will be available via SMS soon. Apart from this, you can visit www.ibja.co or ibjarate.com for regular updates.
