After Falling By Rs 1310 In 3 Days, Gold Jumps, Silver Falls By Rs 4300 In 5 Days

Gold price witnessed a surge of Rs 110 on Thursday after falling consecutively for 3 days by Rs 1310 in India. Today 24K gold price surged by Rs 110 at Rs 51,000 per 10 grams in India while 22K gold price jumped by Rs 100 at Rs 46,750 per 10 gram in the country.

There is sharp decline of Rs 1200 in silver prices in India. The price of silver is Rs 57,300 on Thursday after a decline of Rs 1200 in India. Silver prices have now fallen by Rs 4300 since October 8 to October 13, 2022.

It is worth noting that 22K gold price on Wednesday witnessed a decline of Rs 250 at Rs 46,650 per 10 grams in India while 24K gold price in India fell by Rs 270 at Rs 50,890 per 10 grams in the country.

Meanwhile, price of 22K gold registered a sharp dip of Rs 700 to end at Rs 46,900 per 10 grams while the price of 24K gold saw a fall of Rs 770 to close at Rs 51,160 per 10 grams in India on October 11, 2022.

22K gold price fell on October 10 by Rs 250 to end at Rs 47,600 per 10 grams and 24K gold price fell by Rs 270 to close at Rs 51,930 per 10 grams.

In October, 22K gold prices rose for 4 consecutive days beginning from October 3 to October 6, 2022 by Rs 1350 while 24K gold price surged by Rs 1470 during this time period.

How To Check Purity Of Gold?
Now gold jeweler is no longer left a fashion statement it has become a vital investment for many in India. Therefore, you should be totally aware of the quality and purity of gold when you buy it.

Many investors may be planning to buy gold amid the falling prices. The purity of gold is measured in Carat that may be categorized in 24, 22, 18, 14, 10 Carats. Most of the jewellaries are made from 22 Carat of gold as 24 Carat gold is very soft and tend to break easily. It is worth mentioning 24 Carat purity gold will have 999 written while 22 Carat gold will have 995 written.

If it is 22 Carat gold, you will find 916 written and 18 Carat gold will have 750 written on it. The purity of jewellery can be discovered by looking for the Hall Mark sign as it is mandatory for jewelers to write it on every jewellery piece.