Gold has proved to be a great way to avoid inflation for the market investors for the past several years. Investing in gold has always been very important for investors, despite the volatility in the market, gold has always given good returns. Let us tell you that the price of gold and silver in India is determined by the international prices, which move in any direction. Apart from this, it also depends on the movement of rupee against the dollar. If the rupee depreciates against the dollar and international prices remain stable, the price of gold and silver will rise.
The prices of gold and silver have been fluctuating continuously for some time now, the price of gold at the national level remains close to Rs 50,000 per ten grams. In the last week, there is a slight improvement in the prices of gold and silver in the Indian bullion market, on 25 November 2021, the price of 24 carat gold was at Rs 51,100 per ten grams. Since then its price has increased by Rs 400 per ten grams. Silver prices have come down by Rs 11,00 per kg as compared to Friday, due to which silver has come down from Rs 63,100 per kg to Rs 62,000 per kg.
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In India, the price of 22-carat purity gold currently stands at Rs 47,200 per 10 grams, as against Rs 47,000 per 10 grams on Friday. The price of gold of 24 carat purity was Rs 51,280 per 10 grams on Friday, which has gone up to Rs 51,490 per 10 grams today.
According to the India Bullion and Jewelers Association, the price of silver has declined by Rs 200 as compared to the previous day. The price of silver remained at Rs 62,900 per kg till Thursday, it has come down to Rs 62,000 per kg today.
gold purity by carat
24 carat = 100% pure gold (99.9%)
22 carat = 91.7% gold
18 karat = 75.0% gold
14 carats = 58.3% gold
12 carats = 50.0% gold
10 carats = 41.7% gold
hallmark gold
Often people do not know that there is no difference between normal gold and hallmarked gold, no trader can charge you any kind of tax for giving hallmarked gold to you. Hallmarked gold is also available at the same price as normal gold, the main difference between the two is the purity. With hallmarked jewellery, you get a guarantee of precision, which you do not get in normal jewellery.
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