Today i.e. on 15th October, the price of gold and silver decreased. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold is Rs. 314 down to Rs. 75,687 has happened. Earlier it was priced at Rs 76,001 per ten grams.
Also, today the price of silver has seen a big drop. It is Rs. 448 reduced to Rs. 89,578 per kg. Earlier the price of silver was Rs.90,026. 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 | 75,687 |
| 22 | 69,329 |
| 18 | 56,765 |
4 Gold Price in Metro and Bhopal
- Delhi: The price of 10 grams of 22 carat gold is Rs 71,100 and the price of 10 grams of 24 carat gold is Rs 77,550.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 70,950 and the price of 10 grams of 24 carat gold is Rs 77,440.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 70,950 and the price of 10 grams of 24 carat gold is Rs 77,440.
- Chennai: The price of 10 grams of 22 carat gold is Rs 70,950 and the price of 10 grams of 24 carat gold is Rs 77,440.
- Bhopal: 10 grams of 22 carat gold costs Rs 71,000 and 10 grams of 24 carat gold costs Rs 77,450.
So far this year Gold Rs. 12,335 has become expensive
| Date | The price of gold | The price of silver |
| 1 January | 63,352 rupees per 10 grams | 73,395 per kg |
| 15 October | 75,687 per 10 grams | 89,578 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 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).
