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In the Indian bullion market today, on May 26, 2023, gold prices again saw a decline. However, there was a rise in gold prices on MCX in the morning. On MCX, gold was seen trading at Rs 59514 per 10 grams with a gain of Rs 50. While silver was seen at a level of 70486 with an increase of Rs 250 per kg. However, there was a decline in gold in the bullion market.
According to the official website of the India Bullion and Jewelers Association (ibjarates.com), gold price of 10 grams of 999 purity in Sharfa Bazar closed at 60361 yesterday, May 25. , While today the price of 10 grams of pure gold fell by Rs 309 to the level of 60052. Gold of 995 purity declined by Rs 307 to close at 59812. While gold of 916 purity fell by Rs 283 to close at Rs 55008 per 10 grams. As far as gold of 750 purity is concerned, today it has come down by Rs 232 to the level of 45039 and the price of 10 grams of 585 purity gold has come down by Rs 181 to the level of 35130. On the other hand, talking about silver, the price of one kg of silver has fallen by Rs 94 and silver is currently being seen at the level of 70191. Which closed at 70285 level yesterday.
gold fell by rs 7000
On May 5, the price of gold touched a record high of Rs 61739 and silver touched a record high of Rs 77280 in the bullion market. Now on 26th May i.e. today, gold has lost Rs 1700 and silver has lost Rs 7000. https://ibjarates.com But according to the prices published today, gold is trading at Rs 60052 per 10 grams and silver at Rs 70191 per kg. On Friday, 23 carat gold fell to 59812.
Missed call from IBJA to know gold and silver rates
And rates are not published on Saturdays and Sundays except on public holidays by the central government. You can give a missed call to 8955664433 to know the retail price of 22K and 18K gold jewellery. Within few minutes you will get the rates via SMS. Also for frequent updates you can www.ibja.com Can visit at
identification of purity in this way
There is a way to check the purity of jewelry. In which many types of marks related to Hallmark are seen. The purity of the jewelry can be identified by this mark. Their size ranges from one carat to 24 carats. 22 carat gold is used to make jewellery. Hallmarking is mandatory on jewellery. 24 carat gold is pure gold. The number 999 will be seen written on it. However, 24K gold does not make jewellery. Gold jewelry will be made from 22 carat gold with 916 written on it. 875 numbers will be engraved on 21 carat gold jewelry. 750 rupees will be engraved on 18 carat jewelry. While 585 will be seen written on 14 carat jewelry.
You can check the correctness through the app.If
If you are also going to buy gold in the market, then buy gold only after seeing the hallmark. You can also use the official app to check the purity of gold. Through ‘BIS Care App’ you can check the purity of gold whether it is real or fake. Apart from this, you can also complain through this app.
What is the difference between 24, 22, 21, 18 and 14 carats?
24 carat gold is very pure. It is called the purest gold. It does not contain any other metal impurities. This is called 99.9 percent pure gold. 22 carat gold contains 91.67 percent pure gold. Another 8.33 percent consists of an alloy of another metal. While 21 carat gold contains 87.5 percent pure gold. 18 carat gold contains 75% pure gold. While 14 carat gold contains 58.5 per cent pure gold and the rest is mixed with other metals.
special Notes: It should be mentioned here that the prices issued by the Indian Bullion Jewelers Association provide information on the standard price of gold of various purities. All these prices are before taxes and making charges. The rates issued by IBJA are valid throughout the country. But GST is not included in its prices. The price that a customer has to pay while buying jewelery is on the higher side as it includes taxes.
