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HomeCURRENT AFFAIRSBUSINESSRussia Ukraine war affects gold silver market

Russia Ukraine war affects gold silver market

Gold Price in Delhi: After Russia’s attack on Ukraine, there was a big rise in the price of gold and silver in one day. But the rally in the price came to the ground within a few hours. On Friday, there was a big fall in the price of gold and silver. It is being told that this is the biggest fall in the rate of both the precious metals in the last one year.

On the other hand, on Friday, the stock market also came out of the seven-day slump and closed with a green mark. According to the website of India Bullion and Jewelers Association (IBJA), on Friday, gold became cheaper by Rs 1873 per 10 grams and reached the level of Rs 50667. Earlier in the trading session, the price of gold had reached Rs 52540.

Similarly, in Friday’s trading session, there was a big fall in the rate of silver by Rs 2,975 per kg. On Friday, the price of silver closed at Rs 65174. Earlier on Thursday, silver had reached the level of Rs 68149 per kg. This is also said to be the biggest fall in the price of silver in a single day of the last one year. On Friday, the rupee also strengthened by 34 paise against the dollar.

How to check the purity of gold

999 is written on 24 carat pure gold.

916 is written on 22 carat jewelry.

  • The identity of 21 carat gold will be written 875.
  • 750 is written on 18 carat jewelry.
  • 585 is written on 14 carat jewelry.

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