Gold-Silver Price Today 13th May 2020: Between the preparations for Lockdown 4 and the announcement of a relief package of 20 lakh crores, there is a slight rise in the rate of gold on Wednesday. Today the price of 24 carat gold has risen by only Rs 11 per 10 grams to Rs 45894 as compared to Tuesday. At the same time, silver has become cheaper by Rs 90 per kg. 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 13 May 2020.
Gold and silver sold at this price on 13 May 2020
| Metal | Rate of 13 May (Rs / 10g) | Rate of 12 May (Rs / 10g) |
| Gold 999 | 45894 | 45883 |
| Gold 995 | 45710 | 45699 |
| Gold 916 | 42039 | 42028 |
| Gold 750 | 34420 | 34412 |
| Gold 585 | 26848 | 26841 |
| Silver 999 | 42915 Rs / Kg | 43005 Rs / Kg |
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.
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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.