Gold falls within ₹75k: Silver falls by ₹2,122 to ₹88,290 per kg, see gold price by carat

Gold and silver prices are seeing a big drop today i.e. 9th October. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold is Rs. 892 down to Rs. 74,834. Earlier it was priced at Rs 75,726 per ten grams.

Today the price of silver has also seen a big drop. It is Rs. 2,122 down to Rs. 88,290 per kg. Silver price on Monday was Rs.90,412. On May 29 this year silver hit its all-time high of Rs. 94,280 per kg was reached.

4 Gold Price in Metro and Bhopal

Keep these 3 things in mind while buying gold

1. Buy only certified gold

Always buy certified gold bearing the Bureau of Indian Standards (BIS) hallmark. Gold has a 6 digit hallmark code. It is called Hallmark Unique Identification Number or HUID. This number is alphanumeric ie something like – AZ4524. How many karats gold is can be known by hallmarking.

2. Check the cross price

Cross-check the correct weight of the gold and its price on the day of purchase from multiple sources (such as the India Bullion and Jewelers Association website). The price of gold varies according to 24 carat, 22 carat and 18 carat. 24 karat gold is considered to be the purest gold, but it is not used in jewelry because it is too soft.

3. Don't pay cash, take bills

While buying gold, it is better to pay through UPI (like BHIM app) and digital banking instead of cash payment. You can also pay by debit or credit card if you wish. Don't forget to take the bill after this. Be sure to check the packaging if ordering online.