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First of all, let’s talk about the price of gold on Multi Commodity Exchange i.e. MCX, so here last week gold broke all its old records and touched a lifetime high level of Rs 1,02,250 per 10 grams.
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New Delhi: If you are planning to buy gold, then first it is very important for you to take a look at the change in its prices in the last one week. Yes, there has been a huge change in them since the beginning of the month of August and the price of gold has reached a new peak in a week. Between August 1 and August 8, the gold price has increased by more than Rs 1700 and the rate of 10 grams of 24 carat gold remains above one lakh rupees.
Gold is breaking records on MCX
First of all, let's talk about the price of gold on Multi Commodity Exchange i.e. MCX, so here last week gold broke all its old records and touched a lifetime high level of Rs 1,02,250 per 10 grams. After the fall and rise, its price is still stable at Rs 1,01,498 on the last trading day of the week. Talking about the rate change, the price of gold with expiry on 3 October on MCX was Rs 99,754 on August 1 and according to this, it has become expensive by Rs 1744 per 10 grams.
Gold is also high in the domestic market
Like the futures business, a strong jump in the prices of gold has been seen in the domestic market last week. If you look at the updated data of the website IBJA.Com of the Indian Bullion Jewelers Association, on August 1, the first trading day of the month, the rate of 24 Karat Gold of 999 purity closed at Rs 98,253 per 10 grams after trading with a rise throughout the day, but on last Friday, August 8, it closed at Rs 1,00,942. If we look at it this way, the gold prices in the country have increased by Rs 2689 per 10 grams in a week. If we look at the gold rates according to different quality...
It should be noted here that the gold prices updated on the website of Indian Bullion Jewelers are the same across the country, but its price increases further after adding 3% GST and making charges. Gold Making Charges may vary in different states and cities. Identification of gold is very easy
When you buy gold from a jewellery shop, you can easily check its purity and its formula is very simple. Actually, 22 carat gold is mostly used to make gold jewellery and when you buy gold jewellery, you can know about its purity through the hallmark on it. Actually, 999 is written on 24 carat gold jewellery, while 958 is written on 23 carat, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat.
