Record-breaking surge in gold-silver prices ahead of Diwali: Gold at all-time high of 78,000, up Rs 14,614 this year, silver surges too

Gold and silver have hit all-time highs today i.e. 21st October. According to the data of India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by Rs 558 to Rs 77,968. A day before this, it was priced at Rs 77,410 per ten grams.

At the same time, the price of silver has increased by Rs 4,884 and is being sold at Rs 97,167 per kg. Silver was at Rs 92,283 a day before this. Earlier on May 29, silver touched its all-time high of Rs. 94,280 per kilogram surfaced.

4 Gold Price in Metro and Ahmedabad

Gold can go up to 79 thousand rupees by the end of the year According to Anuj Gupta, Head of Commodities and Currencies, HDFC Securities, gold is being supported by geopolitical tensions and the start of the festive season. Because of this, an increase in gold and silver can be seen in the coming days. This year, gold can go up to 79 thousand rupees per 10 grams. Also, silver can reach up to 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 hallmark of the Bureau of Indian Standards (BIS). 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, While buying gold Take the billit 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.

Also read this business related news…

Diwali muhurta trading from November 1: There will be a one-hour special session from 6 pm to 7 pm, BSE-NSE announced

Muhurta trading is a tradition in the Indian stock market on the occasion of Diwali. Actually on this day there is a holiday in the stock exchange. But even on holidays it is opened especially for one hour in the evening, which is called Muhurta trading. Stock exchanges BSE and NSE will conduct a one-hour special muhurat trading session on Friday, November 1, 2024 from 6 PM to 7 PM. Click here to read more of this news