Today's Gold Price Delhi, Aug 18, 2022: Gold, Silver Continue To Fall For 3rd Consecutive Day

Gold price in the national capital on Thursday fell Rs 32 to Rs 52,224 per 10 grams, according to HDFC Securities. In the previous trade, the yellow metal had finished at Rs 52,256 per 10 grams, according to a PTI report.

Silver also declined Rs 348 to Rs 57,298 per kg from Rs 57,646 per kg in the previous trade.

In the international market, gold was trading higher at USD 1,763 per ounce while silver was trading flat at USD 19.67 per ounce, added the PTI report

"Gold prices have kept range bound trading in the past few days on mixed global cues over the pace of US Federal Reserve's rate hike and inflation worries," said Tapan Patel, Senior Analyst (Commodities) 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.