Gold-Silver Price Today 20th May 2020: Gold has risen once again after falling badly on Tuesday. 10 grams of 24 carat gold became expensive on Wednesday morning. Now, for 10 grams of gold 999 you will have to pay Rs 47356. Earlier on Tuesday, there was a steep fall in the price of gold. Gold had come down from around Rs 48000 to Rs 46966. At the same time, the silver tone has become hot once again. Silver has gained Rs. 1515 per kg in morning trade. The website of the India Bullion and Jewelers Association (ibjarates.com) updates their average price. According to ibjarates, on 20 May 2020, gold and silver rates remained as follows.
|Metal||20 May Morning Rate (Rs / 10g)||19 May Rate (Rs / 10g)||Rate change (Rs / 10g)|
|Silver 999||48315 Rs / Kg||46800||1515|
According to Rajesh Khosla, media in-charge of the India Bullion and Jewelers Association, Delhi, ibja shows the average price of gold and silver from 14 centers across the country. Khosla says that the current rate of gold-silver or, say, the spot price may be different at different places but there is a slight difference in their prices.
Such a change of sleep in 10 days
In the last 10 trading days, gold jumped from Rs 45743 per 10g to near 48000 and suffered loss of more than one thousand to 46966 on the same day. On May 5, 2020, the value of 24 carat gold was Rs 45743 per 10 grams. It then reached 46221 on 8 May, but it gained momentum from 14 May.
On this day it reached 46246, the next day it created a new history, 46791 and on May 18, the alltime sat on the peak of Rs 47948 per 10 grams, but on the very next day, gold fell badly from this peak to Rs 46966. . And today i.e. on Wednesday, May 20, gold has once again jumped by Rs 527 to Rs 47365 per 10 grams.
Also read: Corona’s biggest jump so far in one day, 5611 new cases in the country, 140 deaths
Many records made and broken in lockdown
Gold for the first time reached a new peak of Rs 45201 on 9 April. Four days later this record was broken and on 13 April, gold reached Rs 46034 per ten grams. Gold set a new all-time record on this day, but it also collapsed on 15 April. Gold reached another new peak of Rs 46534 per 10 grams. This record also broke the very next day on 16 April and the price of 10 grams of gold was Rs 46,928. After this, on May 15, gold reached Rs 47067 and set a new record. This record also broke on 18 May. Gold reached Rs 47861.
What is gold 999
Hallmarked jewelery has hallmark marks and some digits such as 999, 916, 875. The secret of your gold purity is hidden in these marks. Keep in mind, the gold jewelery with the number 999 is 24 carat with the hallmark mark. 999 means the purity of gold in it is 99.9 percent. Similarly, 995 on 23 carat gold, while 916 on 22 carat gold, 875 on 21 carat, 750 marks on 18 carat.