Gold and silver prices have seen an increase today (October 1) on Tuesday. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by Rs 200 to Rs 75,397. Earlier it was priced at Rs 75,197 per ten grams.
Today the price of silver is also increasing. It has increased by Rs 838 to Rs 90,238 per kg. Earlier the price of silver was Rs.89,400. On May 29 this year silver hit its all-time high of Rs. 94,280 per kg has been reached. While on September 26, gold was Rs. reached a peak of 75,750.
4 Gold Price in Metro and Ahmedabad
- Delhi: The price of 10 grams of 22 carat gold is Rs 70,650 and the price of 10 grams of 24 carat gold is Rs 77,060.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 70,500 and the price of 10 grams of 24 carat gold is Rs 76,910.
- Kolkata: 10 grams of 22 carat gold costs Rs 70,500 and 10 grams of 24 carat gold costs Rs 76,910.
- Chennai: The price of 10 grams of 22 carat gold is Rs 70,500 and the price of 10 grams of 24 carat gold is Rs 76,910.
- Ahmedabad: The price of 10 grams of 22 carat gold is Rs 70550 and the price of 10 grams of 24 carat gold is Rs 76960.
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. While silver can also reach 1 lakh rupees per kg.
Keep these 3 things in mind while buying gold
1. 1. Buy only certified gold
Always buy certified gold that is hallmarked by the Bureau of Indian Standards (BIS). Under the new rule, gold will not be sold without a six-digit alphanumeric hallmarking from April 1. Just like Aadhaar card has a 12 digit code, gold will have a 6 digit hallmark code. It is called Hallmark Unique Identification Number or HUID. This number can be alphanumeric, ie something like- AZ4524. Hallmarking has made it possible to know how many carats a piece of gold is.
2. Check the cross price
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 rate of gold varies according to 24 carat, 22 carat and 18 carat. 24 karat gold is considered the purest gold, but it is not made into jewelry because it is too soft. Gold of 22 karat or less is generally used for jewelry.
3. Don't pay cash, take bills
Cash payment can prove to be a big mistake while buying gold. Payment through UPI (like BHIM app) and digital banking is fine. If you wish, you can also pay by debit or credit card. Don't forget to take the bill after this. Check the packaging if ordering online.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
