Gold Price in India: Gold Cheapest Rs 4117, Silver Cheapest Rs 18000, Check Today’s Price Before Buying | Gold Rate Update: You have a chance to buy gold as cheap as Rs 4117, its highest ever, know the latest gold-silver rates

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24 carat to 14 carat gold price

On Wednesday, August 17, the price of gold has fallen. The price of 24 carat gold has reached Rs 52147 per 10 grams on the website of India Bullion and Jewelers Association. Along with this, the price of 23 carat gold has reached 51939 rupees per 10 grams. Along with this, the price of 22 carat gold has reached 47767 rupees per 10 grams. Apart from this, the price of 18 carat gold has reached Rs 39110 per 10 grams. Apart from this, the price of 14 carat gold reached Rs 30506.

    How cheap is gold?

How cheap is gold?

Comparing the price of gold to its highest price, the price of gold has fallen by Rs 4117 from its high price. In August 2020, gold reached Rs 56264 per 10 grams. On the other hand, if we compare the price of silver, in August 2020, silver has reached Rs 76004 per kg. If we compare this price with today’s price, silver is selling as cheap as Rs 18000.

    Gold mine auction

Gold mine auction

Central government is going to auction gold mines soon. The government will auction 13 gold mines in Andhra Pradesh and Uttar Pradesh this month. To boost the contribution of the mining sector to the country’s GDP, the government is gearing up to auction central gold mines, with 13 mines in the country being the first to be auctioned. 5 gold mines of Andhra Pradesh can be auctioned on 26 August and the remaining 5 on 29 August.

    Modi government will sell cheap gold

Modi government will sell cheap gold

The dates for the second phase of the Sovereign Gold Bond Scheme have been announced. Under this scheme, you will get a chance to buy cheap gold from August 22 to August 26. However, the prices have not been revealed yet. Under this scheme of the government, you can buy digital gold and not physical gold. You can buy gold from one gram to four kilograms in a financial year. If we talk about returns, under the Sovereign Gold Bond, gold has given 7.37 percent profit to its investors in one year.

Special things related to Sovereign Gold

Special things related to Sovereign Gold

Investors in this scheme get many benefits. There is no capital gains tax on seven redemptions with cheap digital gold. Along with this, people also get loan facility on it. You don’t have to worry about keeping this gold safe. Being in digital form, you can easily keep it with you. You can also buy 1 gram of gold. You can buy Gold Bonds from all Banks, Stock Holding Corporation of India Limited, Major Post Offices, Recognized Stock Exchanges, NSE, BSE. Note that it is not sold through payment banks and finance banks.

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