Todays Gold Price Delhi, Oct 10: Big Drop In Gold, Silver Falls By More Than Rs 2,000

Gold prices in the Delhi witnessed a sharp drop of Rs 543 to Rs 51,625 per 10 grams on Monday amid a fall in the prices of precious metal in the global market, according to HDFC Securities.

In the previous trade, the yellow metal had touched Rs 52,168 per 10 grams, according to a PTI report.

The price of silver also fell by Rs 2,121 to Rs 59,725 per kilogram from Rs 61,846 per kg.

When it comes to prices of gold in India, the price of 22 Carat gold declined by Rs 250 to close at Rs 47,600 per 10 grams. The price of 24 Carat gold saw a decline of Rs 270 to end at Rs 51,930 per 10 grams.

Meanwhile, silver prices in India declined by Rs 1300 to close at Rs 59,500 per kg.

In the international market, gold was trading in red at USD 1,683.05 per ounce while silver was down at USD 19.74 per ounce, added the PTI report.

"The strong US jobs data intensified concerns that the US Federal Reserve will be more aggressive with interest rate hikes. Rising rates make gold less attractive as an investment mean," 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.