News India Live, Digital Desk: Amidst the slowdown in the global market and fluctuations in domestic demand, good news has come for gold buyers from the Indian bullion market. Today 22 carat and 24 carat A decline has been recorded in the prices of gold. If you are planning to buy or invest in jewelery for the wedding season, 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, softening of prices is also being seen due to slight decrease in demand at the local level.
Today’s latest prices (per 10 grams)
Today’s gold prices in major cities of the country are as follows:
| City | 22 carats (per 10 grams) | 24 carats (per 10 grams) |
|---|---|---|
| Delhi | ₹66,450 | ₹72,480 |
| mumbai | ₹66,300 | ₹72,330 |
| Kolkata | ₹66,300 | ₹72,330 |
| Chennai | ₹66,950 | ₹73,040 |
| Bengaluru | ₹66,300 | ₹72,330 |
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What is the difference between 22 carat and 24 carat?
24 karat gold: It is considered to be the purest gold (99.9%). It is very soft, hence it is mostly used in making coins and biscuits.
22 carat gold: It consists of 91.6% gold and the remaining part of metals like copper or zinc. It is durable, hence it is used for making 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’ may prove better for investors.
Keep these things in mind before purchasing:
Hallmark must-sees: Always buy BIS hallmarked jewellery.
Making Charge: Making charges may vary in different cities and showrooms, so definitely bargain.
Take a confirmed bill: Guarantee of purity and a firm bill is essential for future sale.
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