Gold Price Down by Rs 5,000. Check New Gold Rates

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If you are planning to buy gold or gold jewellery, then there is important news for you.

After this rise, gold has once again reached Rs 51000 per 10 grams and silver above Rs 62000 per kg. Although no, gold is still getting cheaper by Rs 5000 and silver by Rs 18000 from its all-time high.

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On Friday, gold became costlier by Rs 555 per ten grams and closed at Rs 51205 per 10 grams. Whereas on the last trading day on Thursday, gold became cheaper at the rate of Rs 340 per ten grams and closed at Rs 50614 per 10 grams.

On the other hand, silver on Fiday closed at Rs 61576 per kg with a gain of Rs 1026. Whereas on the last trading day on Thursday, silver became cheaper by Rs 200 and closed at Rs 60550 per kg.

In this way, on Friday, 24 carat gold becomes costlier by Rs 555 by Rs 51169, 23 carat gold by 553 by Rs 50964 , 22 carat gold 509 by Rs 46871, 18 carat gold by Rs 416 by Rs 38377 and 14 carat gold. It became expensive by Rs 325 and closed at Rs 29934 per 10 grams.

Gold 5000 and silver 18000 are getting cheaper from all-time high

Even after this rise, gold was selling cheaper by about Rs 5031 per 10 grams than its all-time high. Let us tell you that gold had made its all-time high in August 2020. At that time gold had gone up to the level of Rs 56200 per ten grams. At the same time, silver was getting cheaper at the rate of about Rs 18404 per kg from its highest level. The all-time high level of silver is Rs 79980 per kg.

Only buy gold after checking the hallmark

When buying gold, you must take extra care to check its quality. Gold jewelry should be bought only after seeing the hallmarks. The hallmark is a government guarantee of gold and the Bureau of Indian Standards (BIS) is the only agency in India to determine the hallmark. The Hallmarking Scheme deals with operations, rules and regulations under the Bureau of Indian Standards (BIS) Act.