Today (November 18) the prices of gold and silver have seen a big increase. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold rose by Rs 866 to Rs 74,605. Earlier it was priced at Rs 73,739 per ten grams.
Also, silver prices are also seeing a rise today. It is Rs. 1,844 to Rs. 88,947 per kg has been reached. Earlier the price of silver was Rs.87,103. On October 23, silver rose to Rs. 99,151 and on October 30, gold was Rs. 79,681 was an all-time high.
4 Gold Price in Metro and Bhopal
- Delhi: The price of 10 grams of 22 carat gold is Rs 70,100 and the price of 10 grams of 24 carat gold is Rs 76,460.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 69,950 and the price of 10 grams of 24 carat gold is Rs 76,310.
- Kolkata: 10 grams of 22 carat gold costs Rs 69,950 and 10 grams of 24 carat gold costs Rs 76,310.
- Chennai: The price of 10 grams of 22 carat gold is Rs 69,950 and the price of 10 grams of 24 carat gold is Rs 76,310.
- Bhopal: The price of 10 grams of 22 carat gold is Rs 70,000 and the price of 10 grams of 24 carat gold is Rs 76,360.
Gold can go up to 85 thousand rupees by June Ajay Kedia, director of Kedia Advisory, says that UK has reduced the interest rate after America. This will increase buying of gold ETFs. In such a situation, gold can reach 85 thousand rupees per 10 grams by June 30 next year.
3 things to keep 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 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.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
