Gold prices have seen a decline this week. According to the India Bullion and Jewelers Association (IBJA) website, last Saturday i.e. November 29, gold cost Rs. 76,740, which has now come down to Rs. 76,187 per 10 grams (December 7). That means this week its price has decreased by 553 rupees.
At the same time, if we talk about silver, its price is increasing this week. Last Saturday it was Rs. 89,383, which has now come down to Rs. 90,820 per kg. Thus, its price has increased by Rs 1,437 this week. On October 23, silver cost Rs. 99,151 and on October 30, gold was Rs. 79,681 was an all-time high.
4 Gold Price in Metro and Ahmedabad
- Delhi: The price of 10 grams of 22 carat gold is Rs 71,300 and the price of 10 grams of 24 carat gold is Rs 77,770.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 71,150 and the price of 10 grams of 24 carat gold is Rs 77,620.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 71,150 and the price of 10 grams of 24 carat gold is Rs 77,620.
- Chennai: The price of 10 grams of 22 carat gold is Rs 71,150 and the price of 10 grams of 24 carat gold is Rs 77,620.
- Ahmedabad: 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 77,670.
Keep these 3 things in mind while buying gold
1. Buy certified gold only Always buy certified gold bearing the hallmark of the Bureau of Indian Standards (BIS). 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 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 you ordered online.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).