Today (November 12) the prices of gold and silver have seen a big drop. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold is Rs. 1,519 down to Rs. 75,321 was reached. Earlier its price was Rs 76,840 per ten grams.
Also, silver prices also fell today. It is Rs. 2,554 down to Rs. 88,305 per kg. Earlier silver was Rs 90,859. On October 23, silver cost Rs. 99,151 and on October 30, gold was Rs. was at an all-time high of 79,681.
Gold price by carat
| Carat | Price (Rs/10 Grams) |
| 24 | 75,321 |
| 22 | 68,994 |
| 18 | 56,491 |
4 Gold Price in Metro and Bhopal
- Delhi: The price of 10 grams of 22 carat gold is Rs 71,000 and the price of 10 grams of 24 carat gold is Rs 77,440.
- Mumbai: 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.
- 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 of 22 carat gold is Rs 70,850 and the price of 10 grams of 24 carat gold is Rs 77,290.
- Bhopal: The price of 10 grams of 22 carat gold is Rs 70,900 and the price of 10 grams of 24 carat gold is Rs 77,340.
So far this year, gold has become expensive by Rs 11,969
| Date | The price of gold | The price of silver |
| 1 January | 63,352 rupees per 10 grams | 73,395 per kg |
| 12 November | 75,321 per 10 grams | 88,305 per kg |
Ref: India Bullion & Jewelers Assoc
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 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 ordering online.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
