Gold and Silver Prices Fall as Oil Price Rises
Listen to the story
Gold and silver prices went down today, October 23.
The price of crude oil went above $115. This is a high price.
The US dollar also became stronger. A strong dollar can make gold cheaper.
People can check prices for 24k, 22k, 20k, and 18k gold.
The letter 'k' means karat. It shows how pure the gold is.
24k gold is the most pure. 18k gold has less pure gold in it.
The prices come from IBJA. This is the India Bullion and Jewellers Association.
IBJA gives gold and silver prices every day.
People in many cities can check these prices.
Cities include Chennai, Mumbai, Delhi, and Kolkata.
Many people buy gold jewellery in India.
Jewellery stores use these prices to sell gold.
Some famous jewellery shops are Malabar Gold, Joyalukkas, Kalyan Jewellers, and Tanishq.
People watch gold prices every day.
Gold prices can go up or down because of many reasons.
Vocabulary9 words
- crude oil
- oil before it is cleaned; used to make fuel
- dollar
- money used in the United States
- 24k
- a sign for very pure gold
- 22k
- a sign for gold that is less pure than 24k
- 20k
- a sign for gold with even less pure gold
- 18k
- a sign for gold with the least pure gold here
- karat
- a word that shows how pure gold is
- IBJA
- a group in India that gives gold and silver prices
- gold jewellery
- rings, chains, and other things made of gold
📚 Ready to use these words in a real conversation?
Practice live with a real tutor on Preply.
Quiz
Answer key
1. They went down 2. The most pure gold 3. True
✅ Nice work on the quiz!
Keep the momentum going — book a live English lesson with a Preply tutor.
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Gold and silver prices went _____ today, October 23.
The price of crude oil went above $_____.
The US _____ also became stronger.
People can check prices for 24k, 22k, 20k, and _____ gold.
The letter 'k' means _____.
24k gold is the most _____.
The prices come from _____.
People in many _____ can check these prices.
Many people buy gold _____ in India.
People watch gold prices every _____.
🎓 Enjoyed this story?
Turn today's reading into real speaking practice with a live Preply tutor.