Today (September 27) on Friday, the price of gold is decreasing. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold fell by Rs 69 to Rs 75,681. Earlier on Thursday, its price was Rs 75,750 per 10 grams.
The price of silver is also decreasing today. It has become cheaper by Rs 1,764 to Rs 90,758 per kg. Earlier the price of silver was Rs.92,522. On May 29 this year silver hit its all-time high of Rs. 94,280 per kg was reached.
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 prices may see an increase in the coming days. This year, gold can go up to 78 thousand rupees per 10 grams. While silver can also reach 1 lakh rupees per kg.
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).
