Precious metals, gold, and silver, have witnessed a sharp price decline today. This significant drop has prompted a surge in interest from investors and buyers alike. The new rates, released by the Indian Bullion and Jewellers Association (IBJA), have caused a stir in the market.
Gold rate by state
| City | 22 Carat (₹) | 24 Carat (₹) | 18 carat (₹) |
|---|---|---|---|
| Chennai | 66,690 | 72,760 | 54,630 |
| Mumbai | 66,690 | 72,760 | 54,630 |
| Delhi | 66,840 | 72,910 | 54,690 |
| Kolkata | 66,690 | 72,760 | 54,560 |
| Ahmedabad | 66,740 | 72,810 | 54,610 |
| Jaipur | 66,840 | 72,810 | 54,690 |
| Patna | 66,740 | 72,810 | 54,610 |
| Lucknow | 66,840 | 72,910 | 54,690 |
| Ghaziabad | 66,840 | 72,910 | 54,690 |
| Noida | 66,840 | 72,910 | 54,690 |
| Ayodhya | 66,840 | 72,910 | 54,690 |
| Gurgaon | 66,840 | 72,910 | 54,690 |
| Chandigarh | 66,840 | 72,910 | 54,690 |
Checking Gold Hallmark
A hallmark is a government-approved marking that guarantees the purity of precious metals like gold. It’s crucial to consider when buying gold jewelry or other items. Here’s a simple guide on how to check a gold hallmark:
1. Locate the Hallmark:
- Jewelry: The hallmark is usually stamped on the underside or interior of the piece.
- Other Items: Look for the hallmark on the item’s surface or a label attached to it.
2. Identify the Markings:
- HGP: This stands for “Hallmarked Gold Purity.”
- Purity Mark: The hallmark will also indicate the purity level of the gold. Common purity marks include:
- 916: 22-karat gold (91.6% pure)
- 750: 18-karat gold (75% pure)
- 585: 14-karat gold (58.5% pure)
- 375: 9-karat gold (37.5% pure)
Gold Hallmark
Gold hallmark is a government-approved marking that guarantees the purity of gold jewelry or other gold items. It’s essentially a certification that ensures the gold content in a product is as advertised.
Key points about gold hallmark:
- Purity indication: The hallmark typically indicates the karatage of the gold, such as 22k, 18k, 14k, or 9k.
- Government certification: Hallmarking is a government-regulated process to ensure quality and prevent fraud.
- Consumer protection: It provides consumers with confidence in the gold they purchase.
- Mandatory in some countries: In many countries, gold hallmarking is mandatory for certain types of gold items.