Gold-Silver Price: Price of gold and silver is stable, now is the price going to go down, know the whole thing before purchasing.
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Gold-Silver Price Today: The ongoing rise in the prices of gold and silver for the last several days stopped on Monday. According to market experts, there will be a slight decline in the price of gold in the coming days. At the same time, from around January 12, a rise in the price of gold may be seen once again. After Kharmas, the auspicious time for marriage in India is from 16th January. In such a situation, the demand for gold and silver is likely to increase once again. At the same time, according to GoodReturns website, the price of 24 carat gold remained unchanged during early trading today, today the price of ten grams will be Rs 63,270. The price of 22 carat gold remained stable. Today the price of 22 carat 10 gram gold is Rs 58,000. The price of ten grams of 22 carat gold in Mumbai is Rs 58,000, equal to Kolkata and Hyderabad. Whereas, the price of ten grams of 22 carat gold is being sold in Delhi at Rs 58,150, in Bengaluru at Rs 58,000 and in Chennai at Rs 58,500. The price of silver has also remained unchanged. Today one kg of silver will cost Rs 76,600.
Gold stable in American market also
US gold prices remained steady on Monday after mixed US economic data last week left traders looking for more clues on the pace and scale of the Federal Reserve’s interest rate cuts, with the focus now turning to key inflation prints later this week. Has become focused. Spot gold was unchanged at $2,044.49 an ounce as of 0139 GMT, after falling for the week on Friday. US gold futures rose 0.1 percent to $ 2,051.10 an ounce. On the physical front, gold buying in key consumer India increased last week as domestic prices fell from record highs. Investors will be eyeing Thursday’s US consumer price inflation report for further direction on the Fed’s rate cut timing. Spot silver was little changed at $23.17 an ounce, while platinum rose 0.3 percent to $963.24 and palladium rose 0.3 percent to $1,030.28, after nine sessions of decline. One kilogram of silver is currently trading at Rs 76,600 in Delhi and Mumbai. One kilogram of silver is trading at Rs 78,000 in Chennai.
Understand the purity of gold by carat
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.
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