Gold-Silver Price Today: The prices of gold and silver continue to fall. In such a situation, this is the best opportunity for buyers. Gold prices fell by Rs 25 on Thursday. According to the Goodreturns website, the price of one gram of 22K gold was ₹5,450 while the price of 24K gold was ₹5,945 per gram. In many states, the price of gold has fallen by Rs 250. Today in Ranchi, the capital of Jharkhand, the price of 22 carat gold per 10 grams will be Rs 56,100 and the price of 24 carat gold per 10 grams will be Rs 58,910. Whereas, silver will be sold at the rate of Rs 77,000 per kg. At the same time, in Bihar’s capital Patna, the price of gold has been reduced by Rs 100. The price of 10 grams of gold will be Rs 60,300. At the same time, the price of silver has been reduced by Rs 500. Today the price of one kg silver will be Rs 72,200. Let us tell you that 24K gold is called pure gold because its purity is 99.9 percent. Whereas, 22K gold contains traces of other metals like copper and zinc.
Gold prices for major Indian cities
City 22k Gold(Rs/10 GMS) 24K Gold(Rs/10 GMS)
Delhi 54,650 59,600
Mumbai 54,500 59,450
Kolkata 54,500 59,450
Chennai 54,800 59,780
Bengaluru 54,500 59,450
price of silver
There has also been a big reduction in the prices of silver on Thursday. According to GoodReturns website, silver prices remained unchanged at Rs 74.20 per gram. The price of 10 grams of silver in Delhi, Mumbai and Kolkata was Rs 742. Silver prices in Chennai and Bengaluru stood at ₹770 and ₹730 per 10 grams respectively.
Gold futures prices fall due to weak spot demand
Amid weak spot demand, speculators reduced the size of their deals, due to which the price of gold fell by Rs 122 to Rs 58,310 per 10 grams in futures trade on Wednesday. In the Multi Commodity Exchange, the price of the contract for delivery in the month of October fell by Rs 122, or 0.21 percent, to Rs 58,310 per 10 grams. 3,824 lots were traded in this. Market analysts said that gold futures prices fell due to trimming of their deals by traders. Globally, gold fell by 0.24 percent to $ 1,915.20 an ounce in New York.
How to identify the purity of gold
The purity of gold can be determined on the basis of carat. BIS Hallmark has been started by the government to measure the purity of gold. In this, more carat means more pure gold. Gold is divided into 24K, 22K and 18K carat. 24K gold is considered to be the purest. There is no adulteration of any kind in it. 22K gold consists of two parts metals like silver, zinc, nickel and the remaining part is gold. Most jewelery is made in 22k gold only. At the same time, 75 percent of 18K gold is gold. The remaining 25 percent is made up of other metals.
How to check purity of gold
To check the purity of gold, karat value is shown on gold jewellery, which shows its purity. 24 carat gold is completely pure. Low karat gold may contain an admixture of other metals. Also, the substitutability value of gold can be determined using the Specific Gravity Tester. This instrument measures the ratio between the weight of the gold and the weight you provide, allowing you to check the purity. In most countries, gold jewelery has a stamp that lets you check its karat and purity. Additionally, you can purchase special gold testing kits, which include various testing tools to identify non-gold. If you have doubts about the purity of gold, you can seek advice from a local gold corporation or a certified jeweler.