Gold price update, 28 July 2023: Gold price continues to fall! Know today’s latest rates for 14 to 24 carats

Gold Price Update: Gold and silver prices fluctuate daily. In this way, your own site Hindustannewstoday tries to give you complete information related to gold and silver. Today we have brought you complete information related to gold and silver. Gold declined by Rs 165 per 10 grams to settle at Rs 59,290 per 10 grams. Gold was recorded at Rs 59455 per 10 grams on its last trading day. At the same time, silver also saw a decline of Rs 578 and it slipped to the rate of Rs 74044 per kg. Silver was trading at Rs 74622 per kg on its last trading day.

Purity of gold

  • 24 carat -99.9%
  • 23 carats -95.6%
  • 22 carat -91.6%
  • 21 carat -87.5%
  • 18 carat -75.0%
  • 17 carat -70.8%
  • 14 carat -58.5%
  • 10 carat -41.7%
  • 9 carat -37.5%
  • 8 carat -33.3%

An important thing to note is that the lower the carat, the stronger the gold. Always check the gold prices in the country before buying the metal.

A decline of 2295 rupees in gold; Silver is Rs 5,936 cheaper than its all-time high

Gold is selling Rs 2,295 below its all-time high rate. On May 11, gold hit an all-time high of Rs 61,585 per 10 grams. Similarly silver is selling 5936 rupees cheaper than its all time high rate.

Gold Price Update

14-24 carat Gold price update on Friday

24 carat is trading at Rs.59290 per 10g, 23 carat at Rs.59053 per 10g, 22 carat at Rs.54309 per 10g, 18 carat at Rs.44467 per 10g and 14 carat at Rs.34684. per 10 grams.

Gold and Silver on IBJA

According to the website of the Indian Bullion Jewelers Association (IBJA), today the yellow metal became costlier by Rs 23 per ten grams and was trading at Rs 59352 per ten grams. On the other hand, gold had become costlier by Rs 543 and closed at Rs 59329 per 10 grams on Thursday, the last trading day. Along with gold, the price of silver is also seeing a rise today. Today, silver jumped at the rate of Rs 1361 per kg and is trading at the level of Rs 73592 per kg. Whereas on the last trading day on Thursday, silver became costlier by Rs 2815 and closed at Rs 73592 per kg.


Gold and silver rates on MCX

Like the Indian Bullion Jewelers Association (IBJA), Gold and Silver are also trading with a boom on the Multi Commodity Exchange (MCX) today. On MCX, gold is costlier by Rs 14 per 10 grams at Rs 59,253, while silver is trading at Rs 75,408 at the rate of Rs 82 per kg.

Gold cheaper than its all-time high by Rs 2,294 per 10 grams

After this, gold is being sold cheaper than its all-time high by about Rs 2294 per 10 grams. Significantly, on May 4, 2023, gold had made its all-time high of Rs 61646 per ten grams. While silver is becoming cheaper at the rate of Rs 5027 per kg. The all-time high level of silver is Rs 79980 per kg.

Gold and silver in international market

Unlike the Indian bullion market, today both gold and silver are trading with a decline in the international market. In the US market, gold was trading down by $1.84 at $1,958.13 an ounce and silver was trading down $0.09 at $24.78 an ounce.

How much is one tola of gold?

Weighing gold in tolas was one of the most popular ways of describing gold purchases in India. Investors or consumers often used to say that the price of 1 tola gold is Rs 25,000 today. However, these days Tola has been replaced by Gram, which is widely accepted by most of the people for buying and selling precious metals. This brings us to this question. How much is one tola gold? The answer is simple. One tola gold today is 11.6 grams. So, if you are buying 1 kg of the precious metal, you will get around Rs 85.7 tola gold. So, if you want to know what the precious metal will cost for 1 tola, you need to multiply the per gram cost of Rs 26,000 by 11.6 to arrive at the final cost. This of course changes everyday in line with today’s daily gold rates in India.

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