Gold, Silver Prices Delhi August 16, 2022: Big Fall In Gold, Silver Prices

Gold prices declined by Rs 764 to Rs 52,347 per 10 grams in the national capital on Tuesday following weak global cues, according to HDFC Securities.

The precious metal had closed at Rs 53,111 per 10 grams in the previous trade. Silver also tumbled by Rs 1,592 to Rs 58,277 per kg from Rs 59,869 per kg in the previous trade, according to a PTI report.

"Gold prices at MCX witnessed lower openings reflecting overnight fall in COMEX prices," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.

In the international market, gold was lower at USD 1,775 per ounce while silver was flat at USD 20.13 per ounce, added the PTI report.

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.