Today i.e. 27th November, the price of gold and silver is increasing. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold rose by Rs 453 to Rs 76,143. Earlier it was priced at Rs 75,690 per ten grams.
The price of silver is also increasing today. It has increased by Rs 435 to Rs 88,898 per kg. Earlier the price of silver was Rs.88,463. Also, on October 23 silver rose to Rs. 99,151 and on October 30, gold was Rs. 79,681 was at an all-time high.
4 Gold Price in Metro and Bhopal
- Delhi: The price of 10 grams of 22 carat gold is Rs 71,200 and the price of 10 grams of 24 carat gold is Rs 77,660.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 71,050 and the price of 10 grams of 24 carat gold is Rs 77,510.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 71,050 and the price of 10 grams of 24 carat gold is Rs 77,510.
- Chennai: The price of 10 grams of 22 carat gold is Rs 71,050 and the price of 10 grams of 24 carat gold is Rs 77,510.
- Bhopal: The price of 10 grams of 22 carat gold is Rs 71,100 and the price of 10 grams of 24 carat gold is Rs 77,560.
Gold can go up to 85 thousand rupees by June Ajay Kedia, director of Kedia Advisory, says gold was set to decline after a big rally. There is very little chance of the price going below Rs 74 thousand per 10 grams. After the US, the UK has reduced interest rates. This will increase buying of gold ETFs. In such a situation, gold can reach 85 thousand rupees per 10 grams by June 30 next year.
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 the gold is can be known by hallmarking.
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.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).