Gold Rising For Last 2 Days After Falling By Rs 600, Silver Jumps By Rs 5200 Today

The price of gold has been surging for the last two days in India after witnessing a sharp single day decline of Rs 600 on October 15, 2022. The price of 22K yellow metal rose marginally by Rs 10 on Monday at Rs 46,460 per 10 grams. Meanwhile, the price of 22K gold surged by Rs 250 on October 16, 2022 to end at Rs 46,450 per 10 grams.

When it comes to the price of 24K gold in India, it is registered at Rs 50,680 per 10 grams after a surge of Rs 10. The price of 24K gold on October 16, 2022 was recorded at Rs 50,670 per 10 grams on October 16, 2022.

The price of 24K gold saw a sharp decline of Rs 600 on October 15, 2022.

Earlier, 22K gold price fell consecutively on October 10, October 11, and October 12 by Rs 1200.

Gold has over the years been a perfect hedge against inflation. Investors are increasingly looking at gold as an important investment.

Silver price jumped by Rs 5200 per kg on Monday at Rs 60,500 per kg.

Silver price in India is determined by international prices which move in either direction. Silver price also depends on currency movement of the rupee against the dollar. If the rupee falls against the dollar and international prices remain stable, silver will become more expensive and vice-versa.

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.