Gold price has touched an all-time high today (September 24). According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold rose by Rs 204 to Rs 74,671 on Tuesday. Earlier on Monday, its price was Rs 74,467 per ten grams.
Today the price of silver has also seen an increase. It is Rs. 312 became expensive and Rs. 88,068 per kg. Earlier the price of silver was Rs.87,756. On May 29 this year silver hit its all-time high of Rs. 94,280 per kg has been reached.
4 Gold Price in Metro and Ahmedabad
- Delhi: The price of 10 grams of 22 carat gold is Rs 70,150 and the price of 10 grams of 24 carat gold is Rs 76,510.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 70,000 and the price of 10 grams of 24 carat gold is Rs 76,360.
- Kolkata: 10 grams of 22 carat gold costs Rs 70,000 and 10 grams of 24 carat gold costs Rs 76,360.
- Chennai: The price of 10 grams of 22 carat gold is Rs 70,000 and the price of 10 grams of 24 carat gold is Rs 76,360.
- Ahmedabad: The price of 10 grams of 22 carat gold is Rs 68,212 and the price of 10 grams of 24 carat gold is Rs 74,467.
So far this year gold has increased by more than 11 thousand rupees
According to the IBJA, gold prices have increased by Rs 11,181 so far this year. On January 1, gold was Rs. 63,352, which is now Rs. 74,533 per 10 grams has been reached. At the same time, the price of one kg of silver has increased from Rs 73,395 to Rs 88,917.
Gold may go up to Rs 78,000 by the end of the year
According to Anuj Gupta, Head of Commodities and Currencies, HDFC Securities, gold and silver may see a rise in the coming days. This year, the price of gold may go up to Rs 78 thousand per 10 grams, while silver may also touch Rs 1 lakh per kg.
Keep these 3 things in mind while buying gold
1. Buy certified gold only: 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 any gold is can be known by hallmarking.
2. Cross price check: Cross-check the correct gold weight and 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: It is better to pay through UPI (like BHIM app) and digital banking instead of cash payment while buying gold. 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.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
