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Gold-Silver Rate Today: During the festive season, along with gold, the price of silver also fell drastically, see latest updates
Gold-Silver Rate Today : The fall has ignited renewed interest among buyers, with many taking advantage of the lower prices to purchase jewelry ahead of Diwali. International market trends and a stronger U.S. dollar have also contributed to these price shifts, reflecting reduced demand for traditional safe-haven investments like gold
Gold-Silver Rate Today: The price of gold and silver keeps changing day by day.
On October 23, the price of 24 carat gold in India was Rs 78,480 per 10 grams. The price of 24 carat gold per gram is Rs 7,806. The price of 22 carat gold was Rs 71,555 per 10 grams.
The price of 24 carat gold has increased by 2.33% in the last one week. And in the last ten days, the price of the yellow metal has increased by 2.84%. Currently, the price of silver is Rs 95,610 per kg.
Gold-Silver Rate Today:
Gold price in Mumbai on October 24
On October 24, the price of the shiny metal in Mumbai was Rs 77,910/10 grams. On October 23, the price of gold was Rs 78,060/10 grams. Seven days ago on October 17, gold was trading at Rs 77,110/10 grams.
Silver price in Mumbai on October 24
On October 24, the shiny metal silver was selling at Rs 97,100 per kg in Mumbai. While on October 23, the price of the metal was Rs 99,190 per kg and a week ago it was Rs 91,780 per kg.
Gold price in Kolkata on October 24
The price of 24 carat gold in Kolkata today on October 24 was Rs 77,800/10 grams. The shiny metal was selling at Rs 78,370/10 grams on October 23 and at Rs 77,010/10 grams last week.
Silver price in Kolkata on October 24
The price of silver in Kolkata today was Rs 96,970 per kg. On October 23, the price of silver was Rs 99,870 per kg. Last week the price was quoted at Rs 91,660 per kg.
Gold Price in Delhi on October 24
Diwali is just a few days away. And people in North India love to buy jewelry and ornaments during the winter festivals. On October 24, gold was trading at Rs 77,770/10 grams.
Silver Price in Delhi on October 24
On October 24, the price of silver in Delhi was Rs 96,930 per kg.
On October 23, the price of silver was Rs 99,330 per kg. Last week the price of silver was Rs 91,620 per kg.
Gold Price in Chennai on October 24
The price of gold in Chennai today on October 24 was Rs 78,810/10 grams. On Thursday, October 23, 2024, the price of gold was Rs 79,640/10 gram. On October 17, i.e. a week ago, the price of gold in Chennai was Rs 77,340/10 gram.
Silver price in Chennai on Gold-Silver Rate Today October 24
The price of silver in Chennai today, October 24, is Rs 97,380 per kg.
The price of silver on October 23 was Rs 99,770 per kg.
A week ago, silver was available to consumers in Chennai at Rs 92,050 per kg.
MCX Futures on October 24
Gold futures contract expiring in December 2024 on MCX fell by Rs 788 to Rs 77,868 per 10 gram. Meanwhile, silver futures contract on MCX futures expiring in December 2024 hit the Rs 1,00,000 level. Intraday high Rs 1,00,018. Silver fell to Rs 25,920 after profit booking.
Know what is the difference between 22 and 24 carat gold?
Gold has always been an important means of jewellery and investment due to its shine and value. While buying gold, people often hear about ‘Karat’, which indicates its purity. There are important differences between 22 carat and 24 carat gold, which makes it easier to understand which gold is suitable for which purpose. Let us understand this difference in detail.
- 24 carat gold: 99.9% pure gold
24 carat gold is considered the purest. It is about 99.9% pure and does not contain any other metals.
Natural purity: 24 carat gold is famous for its natural shine and chemical stability.
Not used in jewellery manufacturing:
Due to its purity, it is very soft and malleable, making it difficult to make jewellery.
It is difficult to bend and shape, and can break easily.
Ideal for investment: 24 karat gold is mainly used for investment purposes in coins, bars and biscuits, as it represents the highest purity.
Expensive rate: Since no other metals are mixed in it, it is also more expensive.
22 karat gold: 91.6% purity
- 22 karat gold: 91.6% purity
22 karat gold is approximately 91.6% pure, which means that 9% other metals are mixed in it. It is usually copper, silver and sometimes zinc.
Suitable for jewellery:
22 karat gold is hard, as it is mixed with other metals, which makes it easy to shape and durable.
So, 22 karat gold is usually used in gold jewellery.
Balance of Lustre and Durability:
It has the feature of purity as well as strength, which makes it durable for a long time.
Price: 22 karat gold is slightly less expensive than 24 karat, as it is not completely pure.
- Main Difference Between 22 karat and 24 karat
Criteria 24 karat gold 22 karat gold
Purity 99.9% pure 91.6% pure
No Mixture of Other Metals 9% Other Metals (Copper, Silver, Zinc)
Usage Investment (coins, bars, biscuits) Jewellery and jewellery manufacturing
Price More expensive Relatively less expensive
Lustre Highly lustrous Shiny, but slightly matte look
Strength Soft and flexible Hard and durable
4. Who to buy and when ?
24 carat gold is suitable for those who want to buy gold for investment. If you want to secure the value for a long time, gold coins and biscuits are ideal.
Gold is strong and retains its shine for a long time. 22 carat gold is ideal for those who like to wear the jewellery.
5. 18 carat and other options :
18 carat gold is also popular, which contains 75% gold and 25% other metals. It is used in exclusive designer jewellery and diamond studded jewellery.
Other carats according to purity like 14K and 10K gold are also popular in the international market, but in India, 22K and 24K gold are generally more preferred.
Conclusion
The use of 22 and 24 carat gold varies depending on their purity and requirement. If you want to buy jewellery, 22 carat gold is the ideal choice as it is durable and affordable. On the other hand, if the purpose is investment, then 24 carat gold is the best because it provides the highest purity. While buying gold, along with its purity, also check the Hallmark certificate so that you get a guarantee of quality.