Today, the price of gold has seen a significant drop. This change is observed in both the domestic and international markets. For those interested in gold investment or purchases, it’s essential to know the current prices and the factors influencing these changes.
Current Prices of 14 to 24 Carat Gold
The prices of gold vary depending on its purity. Here are the latest prices:
- 24 Carat Gold Known for its highest purity, it is now cheaper than before.
- 23 Carat Gold: Also saw a decrease in price, following the trend.
- 22 Carat Gold A popular choice for jewelry, it is now more affordable.
- 21 Carat and 18 Carat Gold Both categories experienced a drop in prices as well.
International Market Influence
The decline in gold prices is not limited to the domestic market. In the international market, spot gold prices fell by 0.4% to $2,313.92 per ounce. Additionally, American gold futures prices decreased by 1.1% to $2,329 per ounce. Silver prices also saw a significant decline, highlighting a broader trend in the precious metals market.
How to Identify the Purity of Gold
To ensure the gold you purchase is of the stated purity, look for hallmarks provided by the International Organization for Standardization. These hallmarks indicate the purity level:
- 24 Carat Gold Marked as 99.9
- 23 Carat Gold Marked as 95.8
- 22 Carat Gold Marked as 91.6
- 21 Carat Gold Marked as 87.5
- 18 Carat Gold Marked as 75.0
These markings help buyers verify the purity of the gold they are purchasing.
Difference Between 22 and 24 Carat Gold
The main difference between 22 carat and 24 carat gold lies in their purity.
- 24 Carat Gold It is 99.9% pure and is often used for investment purposes.
- 22 Carat Gold It is 91.6% pure and is commonly used for making jewelry because it is more durable than 24 carat gold.
Checking Latest Gold and Silver Prices from Home
To check the latest prices of gold and silver without leaving your home, you can use a simple missed call service. This service provides up-to-date information on the current prices, making it convenient for anyone interested in buying or investing in gold and silver.
Conclusion
The drop in gold prices provides a potential opportunity for buyers and investors. By understanding the current prices, purity markings, and how to check prices from home, you can make informed decisions regarding your gold purchases.
