News India Live, Digital Desk: Amidst the recession in the global market and fluctuations in domestic demand, good news has come for gold buyers from the Indian bullion market. Today a decline has been recorded in the prices of 22 carat and 24 carat gold. If you are planning to buy jewelery or invest for the wedding season, then this time can prove beneficial for you. Why did gold prices fall? According to market experts, the strength of the dollar in the international market and changes in the monetary policies of central banks have affected gold prices. Apart from this, due to slight decrease in demand at the local level, softening of prices is also being seen. Today’s latest price (per 10 grams) Today’s gold prices in major cities of the country are as follows: City 22 carat (per 10 gram) 24 carat (per 10 gram) What is the difference between 22 carat and 24 carat? 24 carat gold: It is considered to be the purest gold. (99.9%) is considered. It is very soft, hence it is mostly used in making coins and biscuits. 22 Karat Gold: It contains 91.6% gold and the remaining part is of metals like copper or zinc. It is durable, hence it is used to make jewellery. Advice for Investors Bullion market experts believe that this fall in prices may be temporary. In the coming time, due to global uncertainties, gold prices may again reach record levels. In such a situation, the strategy of ‘buy on dip’ (buy on dip) can prove to be better for investors. Keep these things in mind before purchasing: Make sure to check the hallmark: Always buy only BIS hallmarked jewellery. Making charges: Making charges can be different in different cities and showrooms, so definitely bargain. Take a sure bill: Guarantee of purity and a sure bill is mandatory for selling in future.
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