Gold Prices Delhi July 27, 2022: Yellow Metal Price Rises, Silver Climbs Too

Gold price in the national capital on Wednesday rose Rs 115 to Rs 51,166 per 10 grams, amid a rise in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 51,051 per 10 grams, according to PTI news.

Silver also climbed Rs 482 to Rs 55,485 per kg from Rs 55,003 per kg in the previous trade. In the international market, gold was trading higher at USD 1,723 per ounce while silver was flat at USD 18.72 per ounce, added the PTI report.

"Gold prices have kept firm trading range ahead of US FOMC meet supported by weaker dollar," Tapan Patel, Senior Analyst (Commodities) at HDFC Securities, said.

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.