Today i.e. 9th December, the price of gold has seen a general increase. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold rose by Rs 93 to Rs 76,280. Earlier, the price of gold was Rs 76,187 per ten grams.
However, the price of silver is decreasing. It is Rs. 420 reduced to Rs. 90,400 per kg was reached. Earlier the price of silver was Rs.90,820. Also, on October 23 silver rose to Rs. 99,151 and on October 30, gold was Rs. 79,681 was at an all-time high.
4 Gold Price in Metro and Bhopal
- Delhi: The price of 10 grams of 22 carat gold is Rs 71,450 and the price of 10 grams of 24 carat gold is Rs 77,930.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 71,300 and the price of 10 grams of 24 carat gold is Rs 77,780.
- Kolkata: The price of 10 grams of 22 karat gold is Rs 71,300 and the price of 24 karat 10 grams of gold is Rs 77,780.
- Chennai: The price of 10 grams of 22 carat gold is Rs 71,300 and the price of 10 grams of 24 carat gold is Rs 77,780.
- Bhopal: The price of 10 grams of 22 carat gold is Rs 71,350 and the price of 10 grams of 24 carat gold is Rs 77,830.
Gold can go up to 85 thousand rupees by June Ajay Kedia, director of Kedia Advisory, says that gold was supposed to come down after a big rally, and it has. After the US, the UK has reduced interest rates. 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.
Keep these 3 things in mind while buying gold
Buy only certified 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 ordering online.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
