On Tuesday, the price of gold and silver faced a slight fall in the domestic market. Today, gold futures on MCX fell by 0.03 percent, or Rs 12, to Rs 47449 per 10 grams. However, talking about silver, it fell 0.22 percent (Rs 151) to Rs 66970 per kg. Along with this, the prices of gold in India are affected by the international market.
On Monday, gold stood at Rs 47,647 per 10 grams with a marginal hike of 0.20 per cent or Rs 96. The rate of silver stood at Rs 67,156 per kg with a slight jump of 0.37 per cent or Rs 247.
Prices in the global market
Gold prices have remained stable in the global market today. Gold price has increased slightly to $ 1,798.61 an ounce. US gold futures fell by 0.1 per cent to $ 1797.80 an ounce. Among metals, silver was down 0.1 per cent at $25.14 an ounce. Palladium was down 0.4 per cent at $2647.85 and platinum was flat at $1063.93. The Gems and Jewelry Export Promotion Council said that the export of gems and jewelry stood at Rs 10,838.93 crore in the same period last year. Similarly, the export of polished and polished diamonds (CPD) increased by 113.25 per cent to Rs 14,512.11 crore in June. It was Rs 6,805.25 crore in the same month last year. GJEPC reported that gold jewelry exports grew by 398.70 per cent to Rs 4,185.10 crore in June.
Know the price by missed call
To know the retail rate of 22 carat and 18 carat gold jewelry, you can give a missed call on 8955664433. Rates will be available in less time through SMS. Apart from this, you can visit www.ibja.co for frequent updates.
Identify the Purity of Yellow Gold
24 carat gold is the purest. Generally 22 carat gold is used to make jewelry, which contains 91.66 percent gold. If you take 22 carat gold jewelry then you should know that 22 carat gold has been mixed with 2 carat other metals in it. There are 5 types of hallmarks related to purity in jewelry, and these marks are in the jewelry.
Hallmarking is important
While buying jewelry, take special care of hallmarking. Hallmarking guarantees that the goods sold by the shopkeeper to the customer are of the same carat as written on the jewelry. Hallmarking is done under the Bureau of Indian Standards Act.
Price in different states
In New Delhi, 22 carats Gold is priced at Rs 46,960 per 10 grams and Silver is priced at Rs 67,100 per kg.
In Kolkata, 22 carats Gold is priced at Rs 47,260 per 10 grams and Silver is priced at Rs 67,100 per kg.
In Mumbai, 22 carats Gold is priced at Rs 46,870 per 10 grams and Silver is priced at Rs 67,100 per kg.
In Chennai, 22 carats Gold is priced at Rs 45,210 per 10 grams and Silver is priced at Rs 72,300 per kg.