Gold and silver prices have seen a decline today (November 25) after a steady rise in the last few days. According to the India Bullion and Jewelers Association (IBJA), the price of 24 carat gold fell by Rs 1,089 to Rs 76,698 per 10 grams on Monday. On Friday, its price was Rs 77,787 per ten grams.
At the same time, the price of one kg of silver has fallen by Rs 1,762 to Rs 89,088 per kg. Earlier on Friday, silver price was Rs 90,850 per kg. Gold touched an all-time high of Rs 79,681 per 10 grams on October 30 this year. At the same time, on October 23, silver hit its all-time high of Rs. 99,151 per kg was reached.
Gold has gained over Rs 13,346 so far this year According to IBJA, the price of gold has increased by Rs 13,346 so far this year. At the same time, the price of silver has increased by Rs 15,693. On January 1, gold was Rs 63,352 per 10 grams, which has now touched Rs 76,698 per 10 grams. At the same time, the price of one kg of silver has increased from Rs 73,395 per kg to Rs 89,088 per kg.
By 2030, the price of gold may reach 1.68 lakh rupees per 10 grams According to Mahendra Lunia, chairman of Vighnaharta Gold, the price of gold may touch Rs 1.68 lakh per 10 grams by 2030. Reasons for rising gold prices range from geopolitical tensions to global economic slowdown.
Gold price in 4 metros and Bhopal
- Delhi: The price of 10 grams of 22 carat gold is Rs 72,150 and the price of 10 grams of 24 carat gold is Rs 78,700.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 72,000 and the price of 10 grams of 24 carat gold is Rs 78,550.
- Kolkata: 10 grams of 22 carat gold costs Rs 72,000 and 10 grams of 24 carat gold costs Rs 78,550.
- Chennai: The price of 10 grams of 22 carat gold is Rs 72,000 and the price of 10 grams of 24 carat gold is Rs 78,550.
- Bhopal: The price of 10 grams of 22 carat gold is Rs 72,050 and the price of 10 grams of 24 carat gold is Rs 78,600.
Keep these 2 things in mind while buying gold
1. Buy only certified gold: Always buy certified gold with Bureau of Indian Standards (BIS) hallmark. Under the new rule, gold will not be sold without a six-digit alphanumeric hallmarking from April 1. As 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 gold is.
2. Check the price Check the correct weight of cross gold and its price from multiple sources (like India Bullion and Jewelers Association website) on the day of purchase. 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. Gold of 22 carats or less is generally used for jewelry.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
