Gold Silver Price Went Down A Must Buy Opportunity For Buyers: Only one day is left for the presentation of the country’s budget. Finance Minister Nirmala Sitharaman will present the Union Budget 2023 on Wednesday. The price of gold is not uniform in the country. In every city, there is a variation in the price of gold in the bullion market. Gold and silver prices have been announced on the website of the Indian Bullion Jewelers Association. Today gold price opened at Rs 57041 per 10 grams. The price had closed at Rs 57079 in the last trading session.
The price fell by Rs 38 per 10 grams. Gold is currently selling at Rs 281 per 10 grams cheaper than the peak price of gold. On January 24, 2023, gold reached Rs 57322 per 10 grams. It was a gold record. Today, silver price opened at Rs 67949 per kg. Silver had closed at 68149 per kg in the last trading session. The price of silver has fallen by Rs.200.
Gold Silver Price Gold is bullish on the (MCx)Multi Commodity Exchange . In the beginning month of February, gold futures trade showed a lead of Rs 8.00. This price is Rs 56,790.00. While in March 2023 futures trade, silver fell by Rs 461.00. Silver is trading at 68,128.00.
Last Gold Price:
Lastly, on January 24, gold price was at a high of Rs 57,322 per 10. Earlier in August 2020, gold had set a record of Rs 56,200. That means gold has increased by Rs 1000 in two years. As per experts, the price of gold will reach 62 thousand rupees per 10 grams in the coming time. Then the price of silver will go beyond 80 thousand rupees.
Hallmark is given by the Indian Standard Organization (ISO) to identify the purity of gold. 24 carat gold jewelry is marked 999, 23 carat 958, 22 carat 916, 21 carat 875 and 18 carat 750.
In many places, consumers are demanding 22 carat and 24 carat gold. Both these types of gold are sold in large quantities. Some people use 18 karat gold.
Category of Gold:
24 carat gold is 99.9% pure. 22 carat gold is about 91 percent pure. 22 carat gold contains 9% other metals. Jewelry is made using copper, silver and zinc. 24 carat gold is strong. But it is not used to make jewelry. So many bullion dealers sell 22 carat gold.
The price of gold has increased in the international market. Therefore, the central government has increased the base import price. While the base import price on silver was reduced. Based on that, the traders who import gold and silver will be taxed.