Gold and silver rates on 01 November
Gold prices recorded a fall on Monday, November 01. Today 24 carat gold prices saw a weakness of Rs 199 per 10 grams. Due to this the rate of 24 carat gold per 10 grams came down from Rs 47975 to Rs 47776. This is also much cheaper than last year’s record level of Rs 56,200. Talking about the prices of silver, it became cheaper by Rs 140 per kg. The price of silver has come down from Rs 64508 per kg to Rs 64368 per kg.
Know the rest carat gold price
According to the website of India Bullion and Jewelers Association, 23 carat gold got cheaper by Rs 198 per 10 grams this morning and 22 carat gold got cheaper by Rs 182 to Rs 43763 as compared to last evening’s rate. Apart from this, the price of 18 carat gold also became cheaper by Rs 149 and it reached Rs 35832 per 10 grams. Lastly, if we talk about 14 carat gold, it fell by Rs 116 per 10 grams to Rs 27949.
Know your city rates
If you want to check the gold and silver rates of your city daily, then you can visit our website page (https://hindi.goodreturns.in/gold-rates/). The gold and silver prices we have listed here are as per the website of India Bullion and Jewelers Association. Please note that these prices will not include GST. You can quote these rates while buying or selling gold anywhere across the country.
Know about 24 carat gold
24 carat gold is 99.9 percent pure. This is what is called pure gold. If we talk about the price of 24 carat gold in India, then it fluctuates daily. 24 carat gold is considered good for investment, but it is not good for jewellery. While the rate of gold in the international market is fixed in dollars, its weight is decided in ounces. In terms of grams, 1 ounce is 28.3495 grams.
Know about 22 carat gold
22 carat gold consists of 22 parts of gold and 2 parts of other metals mixed in it. These metals contain metals like copper, zinc, so that their jewelry can be made. Because jewelery cannot be made from 24 carat gold. The best gold for jewelry is considered to be 22 carat only.