Gold Price Today: Gold becomes cheaper, silver becomes expensive, know today’s latest price
Gold-Silver Price Today 26th May 2020: Gold has become cheaper by Rs 10 per 10 grams today, ie on Tuesday 26 May, compared to Friday, while silver prices are seeing a big jump. This morning 10 grams of 24 carat gold sold at Rs. 47090. Earlier it was at Rs 47100 on Friday. Today the price of silver has increased tremendously.
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Silver has risen to Rs 47985 with a rise of Rs 940 per kg. At the same time, a slight decline in the prices of 23 carat and 22 carat gold has also been recorded. The website of the India Bullion and Jewelers Association (ibjarates.com) updates their average price. According to ibjarates, gold and silver rates were as on 26 May 2020 ..
| Metal | Rate of 26 May (Rs / 10g) | 22nd May Rate (Rs / 10g) | Rate change (Rs / 10g) |
| Gold 999 | 47090 | 47100 | -10 |
| Gold 995 | 46901 | 46911 | -10 |
| Gold 916 | 43134 | 43144 | -10 |
| Gold 750 | 35318 | 35325 | -7 |
| Gold 585 | 27548 | 27554 | -6 |
| Silver 999 | 47985 Rs / Kg | 47045 Rs / Kg | 940 Rs / Kg |
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.
Records being made 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, gold reached a new record of Rs 47067 on 15 May. 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.