Gold and Silver Price Today: How cheap or expensive is 24K and 22K gold? Know complete information

Gold and Silver Price Today: Gold and silver have been the first choice of people in India for a long time. People buy them for jewelery and also for future savings. Therefore, it becomes important for people to know the prices of gold and silver every day. Even on January 12, people are still interested in the prices of gold and silver in the market.

Why do the prices of gold and silver change?

The prices of gold and silver do not remain the same every day. Their prices depend on the international market, dollar and rupee rates, demand and supply in the country, taxes and local expenses. When the economic situation in the world is not good, then people buy more gold and the prices may increase. At the same time, if demand is low, prices may remain stable or even decrease slightly.

Gold price today on 12th January

Today, 24 carat gold is trading around ₹ 6,300 to ₹ 6,400 per gram. Whereas 22 carat gold is being seen between ₹ 5,750 to ₹ 5,850 per gram. There may be slight variation in prices due to taxes and jewelers’ charges in different cities.

silver price today

Talking about silver, today the price of silver is around ₹ 75,000 to ₹ 78,000 per kg. Investors are also keeping an eye on the prices of silver. Because silver is used in both industry and jewellery.

What to keep in mind while buying gold

While buying gold or silver, some important things should always be kept in mind. Buy only hallmarked gold, so that you can get complete information about its purity. Be sure to ask the price and making charges at different shops. If you are buying for investment. So it is better to take gold coins or bars. Because the making charge is less in these.

It is important to understand the quality of gold

24 carat gold is the purest. But it is soft. That’s why not much jewelry is made from it. 22 carat gold is most commonly used for jewellery. Because it is both strong and pure.

conclusion

Gold and silver prices appear to be normal on January 12. It is very important to get correct information before making a purchase. Only a decision taken after understanding the price, quality and requirement will be beneficial for you.

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