Today, on April 23, 2024, the gold and silver market has witnessed a notable decrease in prices according to the latest rates released by the bullion market. As per the new rates, the price trend for 22-carat gold is at ₹66,300, 24-carat gold is at ₹72,310, and the rate for 1 kilogram of silver is trending at ₹83,000.
Gold and Silver Price Today, April 23, 2024
If you’re considering purchasing gold or silver on Hanuman Jayanti today, it’s essential to be aware of the latest rates, especially since there has been a significant decline in prices. The price of gold has seen a decrease of ₹1500, and silver has seen a decrease of ₹2500. After the adjustment of new rates, the price of gold has crossed ₹73,000, while silver is now priced above ₹83,000.
Gold Rates for Different Cities
- Delhi: ₹54,240 for 10 grams
- Kolkata and Mumbai: ₹54,120 for 10 grams
- Chennai: ₹54,880 for 10 grams
Silver Rates for Different Cities
- Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, Delhi: ₹83,000 per kilogram
- Chennai, Madurai, Hyderabad, Kerala: ₹86,500 per kilogram
- Bhopal and Indore: ₹83,000 per kilogram
Key Points to Consider Before Buying Gold
- Purity Standards: Gold purity is identified by hallmarks provided by the Indian Standard Organization (ISO). Generally, gold is sold in 20 and 22-carat purity, although some people also opt for 18-carat gold for jewelry.
- Carat Specification: The purity of gold jewelry is indicated by the carat value, with 24-carat being the purest. Other common carat values include 22, 18, and 14 carats, each indicating the percentage of gold content in the alloy.
- Other Metal Alloys: Jewelry made from 22-carat gold often contains about 9% of other metal alloys like copper, silver, or zinc to enhance durability and aesthetics.
- No Adulteration: 24-carat gold is considered the purest form, with no alloying metals added. However, it’s not suitable for making jewelry due to its softness, so most jewelers prefer to work with 18, 20, or 22-carat gold.
As you contemplate purchasing gold or silver, understanding these key points will help you make informed decisions and ensure the authenticity and quality of your purchase.