Today, Monday (October 7), the price of gold decreased. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold fell by Rs 31 to Rs 75,933. Earlier (Friday, October 4) it was priced at Rs 75,964 per ten grams.
At the same time, silver prices also fell today. It is Rs. 260 reduced to Rs. 91,940 per kg. Silver was Rs 92,200 on Friday. On May 29 this year silver hit its all-time high of Rs. 94,280 per kg has been reached.
So far this year, gold has increased by 12,581 rupees According to the IBJA, gold prices have increased by Rs 12,581 so far this year. Gold was Rs 63,352 on January 1, which has now touched Rs 75,933 per 10 grams. At the same time, the price of one kg of silver has increased from Rs 73,395 to Rs 91,940.
Gold can go up to 80 thousand rupees by the end of the year According to Anuj Gupta, Head of Commodities and Currencies, HDFC Securities, gold and silver may also see an increase in the coming days. This year, gold can go up to 80 thousand rupees per 10 grams. Also silver can cross Rs.1 lakh per kg.
Keep these 3 things in mind while buying gold
1. Buy only certified gold: Always buy certified gold with 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. Price cross check: Check the exact 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 in cash when buying gold, take a bill: 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).
