There has been a big fall in the prices of gold and silver today (12 November). According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold fell by Rs 1,519 to Rs 75,321. Earlier its price was Rs 76,840 per ten grams.
At the same time, the price of silver also declined today. It fell by Rs 2,554 to Rs 88,305 per kg. Earlier silver was at Rs 90,859. At the same time, on October 23, silver had made an all-time high of Rs 99,151 and on October 30, gold had made an all-time high of Rs 79,681.
Gold price in 4 metros and Bhopal
- Delhi : The price of 10 grams 22 carat gold is Rs 71,000 and the price of 10 grams 24 carat gold is Rs 77,440.
- Mumbai : The price of 10 grams 22 carat gold is Rs 70,850 and the price of 10 grams 24 carat gold is Rs 77,290.
- Kolkata : The price of 10 grams of 22 carat gold is Rs 70,850 and the price of 10 grams of 24 carat gold is Rs 77,290.
- Chennai : The price of 10 grams 22 carat gold is Rs 70,850 and the price of 10 grams 24 carat gold is Rs 77,290.
- Bhopal : The price of 10 grams 22 carat gold is Rs 70,900 and the price of 10 grams 24 carat gold is Rs 77,340.
Keep these 3 things in mind while buying gold
1. Buy only certified gold Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). There is a 6 digit hallmark code on gold. This is called Hallmark Unique Identification Number i.e. HUID. This number is alphanumeric i.e. something like this – AZ4524. Through hallmarking it is possible to find out how many carats a gold is.
2. Cross check the price Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (like the website of India Bullion and Jewelers Association). The price of gold varies according to 24 carat, 22 carat and 18 carat. 24 carat gold is considered the purest gold, but jewelery is not made from it because it is very soft.
3. Do not pay cash, take bill While buying gold, it is better to make payment through UPI (like BHIM app) and digital banking instead of cash payment. If you want, you can also make payment through debit or credit card. After this don't forget to take the bill. If you have ordered online then definitely check the packaging.
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Also read this business related news
Jinka Logistics Solutions' IPO will open from tomorrow: Investors will be able to bid till November 18
The IPO of Jinka Logistics Solutions Limited will open tomorrow i.e. from 13th November. Retail investors will be able to bid in this issue till November 18. After this, allotment will take place on 19th November and listing of shares on BSE and NSE will take place on 21st November.
In this IPO of size Rs 1114.72 crore, new shares worth Rs 550 crore will be issued, while 2.16 crore shares will be offered for sale by existing shareholders and promoters. The value of OFS at the upper price band will be approximately Rs 564.72 crore.
Graphics Source: VaskarAssets
