Gold, Silver Price Delhi, Sept 20: Gold Prices Higher, Silver Falls

Gold prices rose by Rs 24 to Rs 49,766 per 10 grams in the national capital on Tuesday, according to HDFC Securities.

In the previous trade, the precious metal settled at Rs 49,742 per 10 grams, as per a PTI report.

Silver, in contrast, declined by Rs 222 to Rs 57,192 per kg from Rs 57,414 per kg in the previous trade.

In the international market, gold was trading lower at USD 1,669 per ounce and silver was trading flat at USD 19.27 per ounce.

"Gold prices traded lower with spot gold prices at COMEX trading 0.43 per cent down at USD 1,669 per ounce. Gold prices traded lower ahead of US FOMC meet," Tapan Patel, Senior Analyst (Commodities) at HDFC Securities, said.

When it comes to the price of gold in India, there is surge of Rs 100 per 10 grams at Rs 45,950 for 22 carat. The price of 22 carat gold rose by Rs 110 in India for 10 grams at Rs 50,130.

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.