Gold has reached an all-time high today i.e. 17th October. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold rose by Rs 160 to Rs 76,713. Yesterday it was priced at Rs 76,553 per ten grams.
However, the price of silver is decreasing today. It is Rs. 944 reduced to Rs. 90,568 per kg. Silver was at Rs 91,512 yesterday. On May 29 this year silver hit its all-time high of Rs. 94,280 per kg was reached.
Gold price by carat
| Carat | Price (Rs/10 Grams) |
| 24 | 76,713 |
| 22 | 70,269 |
| 18 | 57,535 |
4 Gold Price in Metro and Bhopal
- Delhi: The price of 10 grams of 22 carat gold is Rs 71,750 and the price of 10 grams of 24 carat gold is Rs 78,260.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 71,600 and the price of 10 grams of 24 carat gold is Rs 78,110.
- Kolkata: 10 grams of 22 carat gold costs Rs 71,600 and 10 grams of 24 carat gold costs Rs 78,110.
- Chennai: The price of 10 grams of 22 carat gold is Rs 71,600 and the price of 10 grams of 24 carat gold is Rs 78,110.
- Bhopal: The price of 10 grams of 22 carat gold is Rs 71,650 and the price of 10 grams of 24 carat gold is Rs 78,160.
So far this year Gold has become expensive by Rs 13,361
| Date | The price of gold | The price of silver |
| 1 January | 63,352 rupees per 10 grams | 73,395 per kg |
| 17 October | 76,713 per 10 grams | 90,568 per kg |
Ref: India Bullion & Jewelers Assoc
Gold can go up to 78 thousand rupees by the end of the year According to Anuj Gupta, Head of Commodities and Currencies, HDFC Securities, gold and silver may see an increase in the coming days. This year, gold can go up to 78 thousand rupees per 10 grams. Also, silver can reach up to 1 lakh rupees per kg.
Keep these 3 things in mind while buying gold
1. 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 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 ordering online.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
