Gold hits all-time high: Rs 76,502 just a week before Pushyankshatra; 13,150 rupees became expensive so far this year

Gold reached its all-time high today i.e. October 16. According to the India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold costs Rs. 572 has increased to 76,502 rupees. A day before this, it was priced at Rs 75,930 per ten grams.

At the same time, silver prices also increased today. It is Rs. 1,454 to Rs 91,254 per kg. Silver was at Rs 89,800 a day before this. Silver touched its all-time high of Rs 94,280 per kg on May 29 this year.

Gold Price in Ahmedabad and 4 Metros

Keep these 3 things in mind while buying gold

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. Cross Price Check: 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.

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.