If you are planning to buy gold or silver, then today has brought relief news for you. On August 19, a big fall in the prices of both gold and silver was recorded in the bullion market. This softening of prices before the festival and wedding season has brought joy to the faces of buyers.
New prices of 24 carat and 22 carat gold
According to the latest data of India Bullion and Jewelers Association (IBJA), today on August 19, the price of 24 carat gold was recorded at Rs 1,52,884 per 10 grams. Whereas on the previous day i.e. on August 18, its price was Rs 1,54,162 per 10 grams. In this way, 24 carat gold has become cheaper by Rs 1,278 per 10 grams in just one day.
If we talk about 22 carat gold (Gold 916), which is most preferred for making jewellery, today its price has come down to Rs 1,40,042 per 10 grams.
Heavy fall in silver price by ₹6,330
Along with gold, buyers of silver also got big benefits today. On Wednesday, there was a sharp fall in the price of silver by Rs 6,330 per kg in a single day.
Today, the price of silver in the bullion market has reached Rs 2,27,392 per kg, whereas yesterday i.e. on August 18, silver was being sold at the level of Rs 2,33,722 per kg.
Price of 22 carat gold per 10 grams in major cities
Today's retail prices of 22 carat gold in major cities of the country are as follows:
| City | 22 carat gold price (₹/10 grams) |
| Delhi | 1,42,200 |
| Mumbai | 1,42,050 |
| Kolkata | 1,42,050 |
| Chennai | 1,42,050 |
| Ahmedabad | 1,42,100 |
| Bhopal | 1,42,100 |
| Jaipur | 1,42,200 |
| Lucknow | 1,42,200 |
| Raipur | 1,42,050 |
(Source: Goodreturns)
Note: The rates issued by IBJA are the standard price of 24 karat pure gold (bullion). Rates of 22 carat jewelery may vary slightly in different cities depending on local taxes, making charges and local market conditions.
Keep these 2 things in mind while buying gold
While buying gold, never forget these two things to keep your hard-earned money safe:
1. Buy only certified gold
Always buy BIS (Bureau of Indian Standards) hallmarked gold. Hallmark provides accurate information about the purity of gold and its carat. For this, definitely check the alphanumeric code (like AZ4524) present on the jewellery.
2. Be sure to cross-check the price
Before going to the shop or while shopping, definitely check the price of gold from reliable sources like IBJA. Keep in mind that the rate of gold is decided differently according to the purity of 24 carat, 22 carat and 18 carat.
How to identify real silver? Learn 4 easy home remedies
To avoid fake or adulterated silver in the market, you can take the help of these 4 easy methods:
1. Check with magnets
Pure silver is not attracted towards a magnet. If your silver item sticks to the magnet quickly, it may be adulterated with some other metal. However, this one test alone cannot ensure 100% accuracy.
2. Test with ice
Silver has thermal conductivity i.e. the ability to transfer heat rapidly. When you place a piece of ice on a silver surface, it will melt much faster than normal metals. This is an easy home hint.
3. Pay attention to smell
Pure and genuine silver does not have any sharp or metallic smell. If there is an unusual or strong metallic smell coming from silver utensils or jewellery, there may be a possibility of adulteration in it.
4. Try rubbing with a white cloth
Lightly rub silver jewelery or accessories with a clean white cloth. If a black or dark mark appears on the fabric, it may be due to natural oxidation that occurs on the surface of the silver.
Advice: Home remedies are only meant to give a rough idea. The most reliable way to ensure 100% purity of silver is to get it hallmarked, 925 stamped or tested by a professional purity lab.