Gold and Silver Price: Good news! Gold and silver rate decreased before the Union Budget 2023, gold and silver became cheaper

Gold Silver Price: The fall in gold and silver has given a big opportunity to the buyers.

Gold and Silver Price: Good news!  Gold and silver became cheaper before the budget, a big opportunity for buyers

What is today’s price?

New Delhi : Only one day is left for the presentation of the country’s budget. Union Finance Minister Nirmala Sitharaman presented the Union Budget on Wednesday (Union Budget 2023) will present. The price of gold is not uniform across the country. gold price in bullion market in every city (gold price) The difference is visible. The prices of gold and silver have been announced on the website of the Indian Bullion Jewelers Association. Today gold price opened at Rs 57041 per 10 grams. The price had closed at Rs 57079 in the previous trading session. The price declined by Rs 38 per 10 grams. Gold is currently selling cheaper by Rs 281 per 10 grams than the highest gold price. On January 24, 2023, gold had reached Rs 57322 per 10 grams. It was a gold record. silver price today (silver price) It had opened at Rs 67949 per kg. Silver had closed at 68149 per kg in the previous trading session. The price of silver has fallen by Rs.200.

on the Multi Commodity Exchange (MCX) Gold is shining. In the month of February, there was an increase of Rs 8.00 in gold futures trading. This price is Rs 56,790.00. Whereas in March 2023 futures trade, silver had declined by Rs 461.00. Silver is trading at 68,128.00.

On January 24, gold was at a high of Rs 57,322 per 10. Earlier in August 2020, gold had made a record of Rs 56,200. That is, gold has increased by Rs 1000 in two years. According to experts, the price of gold will reach up to Rs 62,000 per 10 grams in the coming times. Then the price of silver will cross 80 thousand rupees.

by Indian Standards Institute (Indian Standards Organization-ISO) Hallmark is given to identify the purity of gold. 999 is marked on 24K gold jewellery, 958 on 23K, 916 on 22K, 875 on 21K and 750 on 18K.

There is a strong demand for 22 carat and 24 carat gold from consumers in many places. Both these types of gold are sold in huge quantities. Some people use 18 carat gold. The higher the carat, the purer the gold.

24 carat gold is 99.9% pure. 22 carat gold is about 91 percent pure. 22K gold contains 9% other metals. Jewelery is made using copper, silver and zinc. 24 carat gold is strong. But it is not used for making jewellery. So many bullion traders sell 22 carat gold.

The price of gold has increased in the international market. That’s why the central government has increased the base import price. While the base import price on silver was reduced. On the basis of that, the traders importing gold and silver will be taxed.

read this also

For more Business updates, Click here.

Leave a Comment