Gold Price Today: Nirmala Sitharaman presented the budget on July 23, after which the prices of gold and silver fell. The duty on gold has been reduced from 15 percent to 6 percent. After this, a decrease in the price of gold was seen.
On the day the budget was presented, the price of gold fell by up to Rs 4000. Along with gold, a decrease was also seen in the price of silver.
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However, last week there was a jump in the price of gold and silver, and gold once again reached its all-time high level. But today, i.e., on the third Monday of Sawan, i.e., August 5, there has been a decrease in the rate of gold. After the decrease in the rate of gold has come below 70 thousand.
According to the India Bullion and Jewellers Association, today, i.e., on August 5, there has been a decrease in the price of gold as well as silver.
The price of 24 carat gold has come down to Rs 69699 per 10 grammes today, whereas, during the last trading week, the price of gold was Rs 70392 per 10 ams. Apart from gold, a huge decline has been seen in silver as well. The rate of silver is Rs 81736 per kilogramme; on Friday, the price of silver was Rs 83542.
Gold became cheaper on Monday.
According to the official website ibjarates.com, today the price of gold of 995 (23 carat) purity is Rs 69420 per 10 grams. Whereas the rate of 916 (22 carat) gold is Rs 63844 per 10 grams. The price of gold of 750 carat purity has come down to Rs 52274 per 10 grammes today.
At the same time, after the reduction in the price of 585 (14 carat) purity gold, it is Rs 40774 per 10 grams. For your information, let us tell you that whatever gold and silver rates are issued by ibjarates.com, GST and making charge are not included in them.
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Gold (Quality) Gold rates on 02 August (without GST and making charge)
24 carat gold Rs 70193/10 grammes
22 carat gold Rs 64555/10 grams
18 carat gold Rs 52856/10 grams
14 carat gold, Rs 41228/10 grammes
Which gold is used in jewellery?
Let us tell you that 22 carat gold is mostly used to make any gold jewellery. At the same time, some people use 18 carat gold. If you look closely, there is not much difference between 22 and 18 carat gold.
Keep in mind that the hall mark is written on the jewellery according to the carat. 999 is written on 24 carat gold jewellery, while 958 is written on 23 carat, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat.