Gold Price Today on 20th September 2024: Gold futures price is seen trading at Rs 73,526 per 10 grams. At the same time, silver futures were seen trading at Rs 89,881 per kg in early trade.
Gold Price Today on 20th September 2024: On Friday, the last trading day of the week, gold prices are seeing a rise. Gold was also seen trading on the green mark in the domestic futures market. Gold for delivery on October 4, 2024 on the MCX exchange was seen trading at Rs 73,526 per 10 grams on Friday morning with a gain of 0.12 per cent or Rs 88. Gold prices also saw a rise in the global market on Friday morning.
Silver prices fall
Apart from gold, domestic futures prices of silver have seen a decline on Friday morning. On the MCX exchange, silver for delivery on December 5, 2024 was seen trading at Rs 89,881 per kg, down 0.10 per cent or Rs 87.
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Gold in the global market
In the global market, gold prices have seen an increase on Comex. It was seen trading at $2618.60 an ounce with a gain of 0.15 per cent or $4. At the same time, the global spot price of gold was seen trading at $2593.20 an ounce, up 0.25 per cent or $6.46.
Silver globally
On Friday morning, there was a decline in silver on Comex and a rise in silver spot. The price of silver on Comex was seen trading at $31.36 an ounce on Friday morning, down 0.20 per cent or $0.06. At the same time, silver spot was seen trading at $ 31.04 per ounce with an increase of 0.83 percent or $ 0.26.
How to know the purity of gold?
ISO (Indian Standard Organization) gives hall marks to identify the purity of gold. 999 is written on 24 carat gold jewellery, 958 on 23 carat, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat. Most of the gold is sold in 22 carat, while some people also use 18 carat. The carat is not more than 24, and the higher the carat, the more pure the gold is said to be.
Know what is the difference between 22 and 24 carat?
24 carat gold is 99.9% pure and 22 carat is about 91 percent pure. Jewellery is made by mixing 9% other metals like copper, silver, zinc in 22 carat gold. Whereas 24 carat gold is excellent, but jewellery cannot be made from it. That is why most shopkeepers sell gold in 22 carats.
Know the price through a missed call
To know the retail rates of 22 carat and 18 carat gold jewellery, you can give a missed call to 8955664433. You will get the rates through SMS in a short while. Apart from this, for information about continuous updates, you can visit www.ibja.co or ibjarates.com.
Pay attention to hallmark
People must pay attention to the quality of gold while buying it. Customers should buy only after seeing the hallmark mark. Hallmark is a government guarantee of gold, Bureau of Indian Standards (BIS) determines the hallmark. Hallmarking scheme works under the operation, rules and regulations of the Bureau of Indian Standards Act.
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