Gold Price Today: Gold created history, reached close to 48000 on the first day of Lockdown-4, Silver rose by Rs 2480

Gold-Silver Price Today 18th May 2020: Gold has reached a new peak on the first day of Lockdown 4. On Friday, the price of 10 grams gold reached an alltime high of Rs 47067. This record also broke today. Today the price of 24 carat gold has risen by Rs 881 to Rs 47948 per ten grams. At the same time, there is a big jump of Rs 2480 in silver. The website of the India Bullion and Jewelers Association (ibjarates.com) updates their average price. According to ibjarates, gold and silver rates remained as follows on 18 May 2020.

Gold and silver sold at this price on 18 May 2020

Many records made and broken in lockdown

Gold for the first time reached a new peak of Rs 45201 on 9 April. Four days later this record was broken and on 13 April, gold reached Rs 46034 per ten grams. Gold set a new all-time record on this day, but it also collapsed on 15 April. Gold reached another new peak of Rs 46534 per 10 grams. This record also broke the very next day on 16 April and the price of 10 grams of gold was Rs 46,928. After this, gold reached a new record of Rs 47067 on 15 May.

Also read: Gold in 3 lockdowns rose by Rs 3885, in fourth there will be 50 thousand!

What is gold 999

Hallmarked jewelery has hallmark marks and some digits such as 999, 916, 875. The secret of your gold purity is hidden in these marks. Keep in mind, the gold jewelery with the number 999 is 24 carat with the hallmark mark. 999 means the purity of gold in it is 99.9 percent. Similarly, 995 on 23 carat gold, while 916 on 22 carat gold, 875 on 21 carat, 750 marks on 18 carat.

According to Rajesh Khosla, media in-charge of the India Bullion and Jewelers Association, Delhi, ibja shows the average price of gold and silver from 14 centers across the country. Khosla says that the current rate of gold-silver or, say, the spot price may be different at different places but there is a slight difference in their prices.