Gold Silver Price: Drastic fall in gold, silver rates, good time to invest | News24

Gold Silver Price: Drastic fall in gold, silver rates, good time to invest | News24

Gold Price Update: If you are planning to buy gold then there is important news for you. On Tuesday, August 17, the first second day of the third trading week of the month of August, there was a big movement in the price of gold and silver. 

On Tuesday, gold prices saw an increase of Rs 490. After this increase, the price of 24-carat gold reached the level of Rs 47483 per 10 grams. Earlier, gold had reached its 4-month low.

Along with gold, silver prices also jumped on Tuesday. On Tuesday, silver closed at Rs 63977 per kg with a gain of Rs 1090. Earlier on Monday, the price of gold had closed at Rs 46993 per gram, while the price of silver was Rs 62887 per kg.

14 to 24 carat gold latest price

The Indian bullion market on Tuesday, 24 carat gold Rs 47483 per 10 grams, 23 carat gold Rs 47392 per 10 grams, 22 carat gold Rs 43586 per 10 grams, 18 carat gold Rs 35687 per 10 grams and 14 carat gold. The gold was at the level of Rs 27838 per 10 grams.

Gold, silver selling at lower rates

If you compare the price of gold with its all-time high price, then there has been a big decline in the price of gold. Gold became cheaper by Rs 8870 from its all-time high price. 

Gold reached its all-time high price on August 7, 2020. Gold reached Rs 56254 per 10 grams. If you compare the price of gold, today gold became cheaper by Rs 8770. At the same time, the highest level of silver is at Rs 79,980 per kg. 

Silver also became cheaper by about Rs 17000 from its highest level. Today, July futures of silver are at Rs 63141 per kg.

This content was originally published here.

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