North India Statesman
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This year, gold prices have been seen going up most of the time. There have been rare occasions when there has been a major cut in gold prices.
It was just a few days ago, when Sona made her highest record till date, prices were touching the sky! However, since the last 3-4 days, there has been a slight softening in Sone Ka Bhav, which may be a matter of relief for buyers.
Know the condition of gold before shopping
But wait! Market experts believe that this fall may not last long and the gold rate may bounce once again. In such a situation, if you are thinking of buying gold or thinking of investing in it, then it is very important for you to know the latest sense and purity of gold. Let us give you all the information related to the latest gold and its purity in this article.
What is the difference in 18, 22 and 24 carat gold?
The purity of gold is measured in ‘carat’. The more pure gold, the greater its carat. Come, let us understand in easy language what is the difference between 18, 22 and 24 carat gold:
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18 carat gold (18 carat gold): It contains only 75% pure gold. The remaining 25% is of other metals such as copper, silver or zinc, which strengthens it. It is not considered completely pure gold. Diamond jewelry or 18 carat gold is often used to make jewelry with other precious stones because it holds the gems well.
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22 carat gold (22 carat gold): It is the most liked gold in Indian homes. It contains about 91.6% pure gold and the remaining 8.4% other metals (eg copper, zinc) are added. This adulteration gives gold necessary to make gold jewelry. 22 carat gold is considered the best for jewelery because it gives a good balance of purity and strength.
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24 carat gold (24 carat gold): It is the pure form of gold, which is considered pure up to 99.99%. It is absolutely defective gold. It is quite soft due to its excessive purity. Therefore, its ornaments are usually not made (because they can easily turn or break). 24 carat gold is mostly purchased for investing as gold coins or biscuits/bars.
What are the fresh gold prices today? (Gold Rate Today)
There is a little difference in gold prices in different cities of the country. Let’s know what the prices of gold are going on in some major cities today (1 gram):
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Delhi:
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24 carat: ₹ 9,831
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22 carat: ₹ 9,017
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18 carat: ₹ 7,378
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Mumbai, Kolkata, Hyderabad, Bengaluru: (The rates in these cities are almost the same)
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24 carat: ₹ 9,821
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22 carat: ₹ 9,002
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18 carat: ₹ 7,366
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Chennai:
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24 carat: ₹ 9,821
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22 carat: ₹ 9,002
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18 carat: ₹ 7,460 (18 carats here are a bit expensive)
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Lucknow:
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24 carat: ₹ 9,831
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22 carat: ₹ 9,017
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18 carat: ₹ 7,378
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Patna:
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24 carat: ₹ 9,826
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22 carat: ₹ 9,007
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18 carat: ₹ 7,370
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(Note: These prices are symbolic and may change a little in the market.)
Silver shine also remains intact
Not only gold, there is a lot of ups and downs in silver rate also. Silver prices also continue to stir.
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Today’s sentiment: Currently, the price of 1 gram of silver is around ₹ 101.90. Accordingly, the price of one kilogram of silver is around ₹ 1,01,900.
Silver became expensive throughout the week
For the last few days, silver prices have also gained a lot of speed. Silver has become expensive by about Rs 1900 per kg in the last one week. This shows that this time can also be important for those investing in silver.
What will happen next to gold and silver? (Future Outlook)
Market experts believe that even though gold prices have declined slightly at the moment, they may see fast again in the coming times.
He says that if there is an atmosphere of uncertainty in the International Market and also the festival season comes in India, then investors turn to gold and silver as a safe investment. Even in the current situation, people are considering gold and silver as a good investment option. In such a situation, prices are expected to rise further due to increase in demand.
Therefore, if you are planning to buy gold or silver, keep an eye on the market and decide at the right time!
