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Today's Gold Price Delhi, Oct 27: Gold, Silver Decline Amid Appreciation In Rupee
Gold price fell by Rs 101 to Rs 51,024 per 10 gram on Thursday amid weak global trends and appreciation in rupee, according to HDFC Securities.
In the previous trade, the yellow metal had closed at Rs 51,125 per 10 gram.
Silver also fell by Rs 334 to Rs 58,323 per kg. The rupee appreciated 67 paise to 82.14 against the US dollar in early trade on Thursday as dollar retreated from its elevated levels, according to a PTI report.
In the global market, gold price was trading lower at USD 1,664 per ounce while silver was down at USD 19.41 per ounce.
"A stronger rupee and weaker COMEX spot gold prices pushed domestic gold prices lower today," 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.
