Gold Price Today: Big change in gold prices on the first day of lockdown 5.0, silver reaches beyond 50000
Gold-Silver Price Today 1st june 2020: On the very first day of lockdown 5.0, there is a big change in the prices of gold and silver in the bullion market. Today, the price of 24 carat gold is seen to increase by Rs 377 per 10 grams. On Friday, it was sold at a rate of Rs 46,929 per 10 grams. On the other hand, silver has seen a tremendous jump of Rs 1575 per kg. With this, silver has now crossed 50000. The website of the India Bullion and Jewelers Association (ibjarates.com) updates their average price. According to ibjarates, gold and silver rates remained as follows on 1 June 2020 ..
|Metal||Rate of 1 June (Rs / 10g)||Rate of 29 May (Rs / 10g)||Rate change (Rs / 10g)|
|Silver 999||50010 Rs / Kg||48435 Rs / Kg||1575 Rs / Kg|
22 carat and 23 carat gold price
This morning 10 grams of 24 carat gold has come to Rs 47306. At the same time, 23 carat gold i.e. gold has risen by Rs 376 to Rs 47117 in 995, while the price of 22 carat gold has risen by Rs 345 to Rs 4332 per 10 grams. 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.
Also read: Gold became cheaper by Rs 931 in Lockdown 4.0, 24 Karat Gold was the highest in the past, jumped by Rs 2610.
First find out the rate of gold
If you are going to buy or sell gold or silver, then firstly know the rate of gold. You can get a good price from the jeweler if you know the price in advance. One can find out the rate of the spot by visiting IBJA i.e. India Bullion Jewelers Association website https://ibjarates.com/. Explain that the rate issued by IBJA is universally accepted. However, GST has not been included in the rate given on this website. When selling gold, you can refer to the rate of IBJA.
Also Read: 66.45% of Corona cases from Maharashtra, Tamil Nadu, Gujarat, Delhi
When buying jewelery, be sure to check the hallmark
When buying jewelery, take Hallmark jewelery only. It can be difficult to find the right price for hallmarked jewelery while selling again. Explain that at the time of sale, the value of hallmarked jewelery is fixed at the current market price. So buy only Hallmark Certificate jewelery.
What is gold 999
Hallmarked jewelery has hallmark marks and some digits like 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.