Gold Prices Delhi July 25: Big Fall In Silver, Gold Down Marginally

Gold prices declined marginally to Rs 51,145 per 10 grams while silver plunged by Rs 1,331 per kg in the national capital on Monday, according to HDFC NSE 0.55 % Securities. In the previous trade, the precious metal settled at Rs 51,150 per 10 grams, according to PTI news.

Silver fell sharply by Rs 1,331 to Rs 54,351 per kg from Rs 55,682 per kg in the previous trade. In the international market, both gold and silver were trading flat at USD 1,726.80 per ounce and USD 18.62 per ounce, respectively, added the PTI report.

"Gold prices traded weak with spot gold prices at COMEX trading marginally down at USD 1,726 per ounce," said Dilip Parmar, Research Analyst at HDFC Securities.

How to check purity of gold?
Now gold jeweler is no longer left a fashion statement it has become a vital investment for many in India. Therefore, you should be totally aware of the quality and purity of gold when you buy it.

Many investors may be planning to buy gold amid the falling prices. The purity of gold is measured in Carat that may be categorized in 24, 22, 18, 14, 10 Carats. Most of the jewellaries are made from 22 Carat of gold as 24 Carat gold is very soft and tend to break easily. It is worth mentioning 24 Carat purity gold will have 999 written while 22 Carat gold will have 995 written.

If it is 22 Carat gold, you will find 916 written and 18 Carat gold will have 750 written on it. The purity of jewellery can be discovered by looking for the Hall Mark sign as it is mandatory for jewelers to write it on every jewellery piece.