If you are planning to buy gold (Gold) and have been waiting for it to be cheaper for a long time, then this news is very relieved for you. Yes, in the last one week, there has been a strong decline in gold prices and not only the multi -commodity exchange i.e. MCX has been cheaper by gold rate fall on MCX, but now in the domestic market, gold is now getting about 5000 rupees per 10 grams.
Gold became so cheap on MCX
First of all, it is said that about the price of gold changed a week on the multi -commodity exchange, the price of 24 carat gold of August 5 was Rs 99,109 per 10 grams on the last trading day of last week on Friday, 20 June, and in the same week it had reached its life time high level high level high level level level of Rs. 1,01,078 per 10 grams. At the same time, by 27 June last Friday, it came down to a level of Rs 95,524 per 10 grams.
According to this, calculations, then the price of 10 grams of gold on MCX has come down by Rs 3,585. At the same time, this yellow metal from its high has now become cheaper by Rs 5554 per 10 grams. It was reduced by 1.61 percent or Rs 1563 only on the last trading day of the past week.
Gold prices in domestic market
Now let’s talk about the changes in gold prices in the domestic market, so according to the website of the Indian Bullion Jellers Association, IBJA.com, the gold price has been reduced across the country in the last one week. Looking at the updated data on the website, on June 27, the price of gold of 10 grams 999 purity fell to Rs 95,780 per 10 grams in the evening, which was Rs 98,691 per 10 grams on June 20. That is, 10 grams of 24 carat gold price has come down by Rs 2,911 in a week. If you look at the Gold Rate of other categories, then
Quality price (10 grams per)
24 carat gold 95,780 rupees/10 grams
22 carat gold 93,490/10 grams
20 carat gold 85,250/10 grams
18 carat gold 77,590 rupees/10 grams
14 carat gold 61,780 rupees/10 grams
It is worth noting that the gold rates updated on the website of Indian Bullion Jewelers are the same across the country, but if you go to buy gold jewelery from the bullion shop, then 3 % GST and making charge is to be paid separately on it, which increases the price and the makeing charge can be different in every city.
22 carat gold use in jewelery
Usually, only 22 carat gold is used to make jewelery, while some people also make 18 carat gold jewelery. If you want to find the purity of gold on your jewelery, then you can easily know through the hallmark, which is recorded on the jewelery. 999 is written on the jewelery of 24 carat gold, while 958 on 23 carats, 916 on 22 carats, 875 at 21 carats and 750 at 18 carats.
Check gold prices in your city like this
As mentioned that gold and silver prices in the country change every business day and in such a situation to know the latest gold rate of your city, then you can also check through only a missed call. For this, you have to call the number 8955664433. Shortly after the missed call, you will find the rate after SMS. Apart from this, you can also check the rate by visiting the official website ibjaretes.com.