Gold prices have declined this week after four consecutive weeks of rise. This week gold prices have come down from the figure of 52 thousand. Along with this, a fall in the price of gold has also been recorded in the global market. On the last day of this week, gold prices in the Indian market closed at Rs 51,868 per 10 grams. Gold prices have registered a decline since the beginning of this week. Last week, gold had closed at Rs 52,481 per 10 grams.
Gold price dropped this week
This week the trading day started from Tuesday. On the first day itself, there was a fall in the prices of gold and it has come down to Rs 52,180 per 10 grams. After this, gold rates slipped throughout the week. On Thursday, it came down from the figure of 52 thousand and closed at Rs 51,974 per 10 grams. On the other hand, gold closed at Rs 51,868 per 10 grams on Friday.
how cheap is gold
According to the Indian Bullion and Jewelers Association (IBJA), gold prices have declined by Rs 613 this week as compared to the previous week. Talking about the global market, on Friday, the rate of gold had fallen by 0.2 percent and was at $ 1753.97 an ounce. There is a possibility of further fall in gold prices. It is being said that it can fall to $ 1730 in the global market.
24 carat gold price
According to the Indian Bullion and Jewelers Association (IBJA), the price of 24-carat gold stood at Rs 51,868 on August 19. Whereas the price of 22 carat gold was Rs 51,660 per 10 grams. The rate of all types of gold has been calculated without tax. GST charges on gold have to be paid separately. If you buy gold jewellery, then it attracts making charges in addition to tax. Because of this the price of jewelery is high.
If you want to check the purity of gold, then the government has created ‘BIS Care app’ for this. With its help you can check the purity of gold. There is a way to measure the purity of jewelry. In this, many types of marks related to hallmark are found. Through these marks the purity of the jewelry is recognized.