Gold, Silver Prices Delhi Today, August 19: Big Drop In Yellow Metal, Silver Prices

Gold prices declined Rs 389 to Rs 51,995 per 10 grams in the national capital on Friday following weak global cues, according to HDFC Securities.

The yellow metal had closed at Rs 52,384 per 10 grams in the previous trade. Silver also plunged Rs 1,607 to Rs 56,247 per kg from Rs 57,854 per kg in the previous trade, according to a PTI report.

In the international market, gold was trading lower at USD 1,753 per ounce while silver was flat at USD 19.23 per ounce, added the PTI report.

"Gold prices traded under pressure over stronger dollar," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.

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.