Gold-silver prices fall: Gold falls by ₹1,580 to ₹76,556, silver trades ₹2,748 cheaper at ₹90,153 per kg

Today i.e. on 7th November, a big drop in gold prices is being seen. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold is Rs. 1,580 reduced to Rs. 76,556 was reached. Earlier, its price was Rs 78,136 per ten grams.

Also, silver prices also fell today. It is Rs. 2,748 down to Rs. 90,153 per kg. Earlier the price of silver was Rs.92,901. On October 23, silver cost Rs. 99,151 and on October 30, gold was Rs. was at an all-time high of 79,681.

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 with 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 the gold is can be known by hallmarking.

2. Check the price

Cross-check the exact 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 you ordered online.