There was a huge fluctuation in the prices of gold and silver on the fourth trading day of the week. While on one hand there was a fall in the gold rate, on the other hand, after a sharp fall, there was a sudden improvement in the price of silver in the evening and it increased. While gold became cheaper by Rs 473 per 10 grams after the day’s trading, the price of silver rose from the previous closing of Rs 1051 per kg.
Gold price fell so much today
First of all, if we talk about the price of gold, its price is continuing to fall in the domestic market. According to the website of the Indian Bullion Jewelers Association, on Thursday, 24 carat gold opened at Rs 1,23,827 per 10 grams and in the evening it slipped by Rs 473 and closed at Rs 1,23,354 per 10 grams. If we compare it with the closing of the previous trading day, it closed at Rs 1,23,907 per 10 grams, that is, it has fallen by Rs 553 per 10 grams.
Silver retains its shine
While on one hand the price of gold has fallen, on the other hand the shine of silver has increased marginally. Silver rate opened at Rs 1,51,200 on Thursday and in the evening it reached Rs 1,51,450 in the domestic market. Accordingly, silver has become costlier by Rs 250 on the fourth trading day of the week. However, if compared with the closing of the previous trading day, it is broken. Actually, on Wednesday evening the silver price was Rs 1,52,501 per kg and if we calculate, it has slipped by Rs 1051 today as compared to yesterday.
reached the peak Sleep slipped suddenly
There was a sharp increase in the prices of gold and silver this year. It had skyrocketed due to increased purchases of gold and silver by central banks around the world as well as other factors. But it has fallen sharply in the last three trading days. Talking about the reason behind this, after record profits this year, investors have booked profits and due to this the prices of gold and silver are falling.
Additionally, demand for safe investments has declined due to easing US-China trade tensions. Domestic festive demand has also decreased and this has affected the prices.
How to identify gold
Let us tell you that the gold and silver rates updated on the website of Indian Bullion Jewelers remain the same across the country, but when you go to a jewelery shop to buy jewellery, you have to pay 3% GST and making charge on it. If you want to identify its purity, you can check it through the hallmark recorded on it. 999 is written on 24 carat gold jewellery, while 958 is written on 23 carat, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat.
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