Gold prices surge again: Hit an all-time high of ₹76,132, silver also rose by ₹537 to ₹90,500 per kg

Gold has reached an all-time high today i.e. 14th October. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold rose by Rs 509 to Rs 76,132. Earlier, its price was Rs 75,623 per ten grams.

At the same time, the price of silver is increasing today. It is Rs. 537 down to Rs. 90,500 per kg. Earlier silver was Rs 89,963. On May 29 this year silver hit its all-time high of Rs. 94,280 per kg has been reached.

Gold price by carat

4 Gold Price in Metro and Ahmedabad

So far this year Gold Rs. 12,780 became expensive

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 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.