Gold Price Delhi, Sept 5, 2022: Gold, Silver Prices Rise

Gold price rose by Rs 113 to Rs 50,985 per 10 gram in the national capital on Monday, according to HDFC Securities.

In the previous trade, the yellow metal had closed at Rs 50,872 per 10 gram, according to PTI report.

Silver also jumped by Rs 428 to Rs 53,980 per kg.

In the international market, both gold and silver were trading flat at USD 1,711 per ounce and USD 18.15 per ounce, respectively, added the PTI report.

"Gold prices traded marginally down with spot gold prices at COMEX trading at USD 1,711 per ounce. Gold traded under pressure on stronger dollar after recovering on Friday," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.

Magnetic Test To Check Gold Purity
There are many ways to check the purity of gold in India. Among these one of the popular ways to check gold is the magnetic method. This is known to be far more convenient than other ways like acid. Just imagine for an acid test you need to carry the acid around.

The magnet is far easier as you can carry a small piece easily in your pocket. The beauty of this mechanism is that it is very easy to understand as well. The simple logic is that if gold is mixed with a metal, it will immediately get attracted to the magnet.

Having said that the skin test also is quiet popular, if you hold the gold jewellery in your hands, it will discolour if it is not genuine. On the other hand, the one that is real will never, thus showing and proving the purity of gold. This is also a relatively simple way to understand and inspect when buying gold in India.