Gold Rate Fall: Mostly 22 carat gold is used for making jewellery, while some people also use 18 carat gold. Hall mark is written on jewellery according to carat, like 999 is written on 24 carat gold jewellery.
In the last few days, a big fluctuation has been seen in the gold prices in India. After the announcement of reduction of custom duty on gold and silver in the first budget of Modi 3.0, the gold rates fell rapidly, but after falling to around Rs 67000, it again rose and crossed Rs 70,000 in August. Talking about Wednesday, the price of gold on Multi Commodity Exchange suddenly fell by Rs 478, while its price has also decreased on Thursday. On the other hand, if we talk about Pakistan, the gold price here has reached a record level.
Prices fell from MCX to domestic market
First of all, let’s talk about the price of gold in India on Wednesday, so its price has come down by Rs 478 on the Multi Commodity Exchange i.e. MCX and the price of future gold expiring on October 4 has come down to Rs 71,644 per 10 grams. During trading, it had gone up to the level of Rs 72,075, but then it started declining. On Thursday also, the price of gold on MCX has fallen. The price of gold has also come down in the domestic market. If you look at the prices present on the website of IBJA…
The price of 10 grams of gold in Pakistan will surprise you
While on the one hand the price of gold in India (Gold Rate In India) is seen trading between Rs 70-72 thousand per 10 grams, on the other hand, the price of gold in neighboring country Pakistan (Gold Price In Pakistan) is running at a high level. According to Gold Dot PK, on Wednesday, the price of 10 grams of 24 carat gold in Pakistan’s capital Karachi reached 2,28,270.40 PKR (Pakistani Rupees). The price of one tola of gold there is Rs 2,66,250.
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Price above 2 lakhs but still cheaper than India
Even though the gold rate in Pakistan has crossed Rs 2 lakh per 10 grams, but if calculated on the basis of Indian currency, then gold is still available much cheaper in Pakistan than in India. Actually, the price of 1 Pakistani rupee is equal to 0.3008 Indian rupees. According to this, 2,28,270 Pakistani rupees are equal to Rs 68,654 of India. If calculated according to this, then the price of 24 carat 10 grams gold in Pakistan is still Rs 3036 less than the price of gold in the Indian domestic market.
Which gold is used more in jewellery?
Before buying gold, keep some special things in mind, such as identifying its quality. Let us tell you that mostly 22 carat gold is used to make jewellery, while some people also use 18 carat gold. Hall mark is marked on the jewellery according to carat. 999 is written on 24 carat gold jewellery, while 958 is written on 23 carat, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat. Talking about prices, the price of gold jewellery across the country keeps changing due to excise duty, state taxes and making charges.
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