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Gold Price Today: know the latest price of gold from 24 to 18 carat

Gold-Silver Price Today 22nd May 2020: There is another change in the rate of gold-silver on Friday. Today, there is a slight increase in the price of gold compared to Thursday, while silver has become cheaper. Today, the price of 10 grams of 24 carat gold has been Rs 46,996. It has jumped 108 rupees. At the same time, silver is being cheaper by Rs 500 per kg and is being sold at Rs 46800. At the same time, prices of 23 carat and 22 carat gold have also increased. On Thursday, the price of 24 carat 10 grams of gold in the bullion market fell by Rs 372 to Rs 46888. And the website of the India Bullion and Jewelers Association (ibjarates.com) brings their average prices up. According to ibjarates, on 22 May 2020, gold-silver rates were as follows…



May 22 final rate

Metal 22nd May Rate (Rs / 10g) 21 May Rate (Rs / 10g) Rate change (Rs / 10g)
Gold 999 47100 46888 212
Gold 995 46911 46700 211
Gold 916 43144 42949 195
Gold 750 35325 35166 159
Gold 585 27554 27429 125
Silver 999 47045 Rs / kg 47300 Rs / kg -255 Rs / kg

Gold futures up on spot demand and global cues

On Friday, gold rose by Rs 392 to Rs 46,780 per 10 grams in the futures market due to strong spot demand by speculators. At the Multi Commodity Exchange, gold for delivery in June rose by Rs 392, or 0.85 per cent, to Rs 46,780 per 10 grams, with a business turnover of 9,360 lots.

May 22 morning rate

Metal 22nd May Rate (Rs / 10g) 21 May Rate (Rs / 10g) Rate change (Rs / 10g)
Gold 999 46996 46888 108
Gold 995 46778 46700 78
Gold 916 43048 42949 99
Gold 750 35247 35166 81
Gold 585 27493 27429 64
Silver 999 46800 Rs / Kg 47300 Rs / Kg -500 Rs / Kg

According to Rajesh Khosla, media in-charge of the India Bullion and Jewelers Association, Delhi, ibja shows the average price of gold and silver from 14 centers across the country. Khosla says that the current rate of gold-silver or, say, the spot price may be different at different places but there is a slight difference in their prices.



Gold for delivery in August rose by Rs 416, or 0.89 per cent, to Rs 46,927 per 10 grams, with a business turnover of 11,077 lots. Market analysts said fresh buying by traders mainly led to rise in gold futures. Globally, gold rose 0.71 percent to $ 1,734.10 an ounce in New York.

Also Read: Amazon enters Indian food delivery market

Records being made in lockdown 

Gold for the first time reached a new peak of Rs 45201 on 9 April. Four days later this record was broken and on 13 April, gold reached Rs 46034 per ten grams. Gold set a new all-time record on this day, but it also collapsed on 15 April. Gold reached another new peak of Rs 46534 per 10 grams. This record also broke the very next day on 16 April and the price of 10 grams of gold was Rs 46,928. After this, gold reached a new record of Rs 47067 on 15 May. This record also broke on 18 May. Gold reached Rs 47861.



What is gold 999

Hallmarked jewelery has hallmark marks and some digits such as 999, 916, 875. The secret of your gold purity is hidden in these marks. Keep in mind, the gold jewelery with the number 999 is 24 carat with the hallmark mark. 999 means the purity of gold in it is 99.9 percent. Similarly, 995 on 23 carat gold, while 916 on 22 carat gold, 875 on 21 carat, 750 marks on 18 carat.

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