A rise in the prices of gold and silver has been observed this week. According to the website of India Bullion and Jewelers Association (IBJA), gold was at Rs 71,424 last Saturday i.e. on August 24, which has now reached Rs 71,958 per 10 grams on (August 31). That is, its price has increased by Rs 543 this week. On the other hand, if we talk about silver, it was at Rs 84,615 last Saturday, which has now reached Rs 85,019 per kilogram. Its price has increased by Rs 404 this week. This year, silver had reached its all-time high of Rs 94,280 per gram on May 29. At the same time, gold had made an all-time high of Rs 74,222 on May 21. Gold price in 4 metros and Bhopal This year, gold has increased by more than Rs 8 thousand so far According to IBJA, so far this year, the price of gold has increased by Rs 8,606. On January 1, gold was at Rs 63,352, which has now reached Rs 71,958 per 10 grams. At the same time, the price of one kg silver has increased from Rs 73,395 to Rs 85,019. Gold can go up to 78 thousand by the end of the year According to Anuj Gupta, Commodity and Currency Head of HDFC Securities, further increase in gold and silver can be seen in the coming days. This year, the price of gold can go up to Rs 78 thousand per 10 grams. At the same time, silver can also reach Rs 1 lakh per kg. Keep these 3 things in mind while buying gold 1. Buy certified gold Always buy certified gold with Bureau of Indian Standards (BIS) hallmark. There is a 6-digit hallmark code on gold. It is called Hallmark Unique Identification Number i.e. HUID. This number is alphanumeric i.e. something like this – AZ4524. Through hallmarking, it is possible to find out the carat of any gold. 2. Cross check the price Cross check the correct weight of gold and its price on the day of purchase from many sources (such as the Website of India Bullion and Jewelers Association). The price of gold varies according to 24 carat, 22 carat and 18 carat. 24 carat gold is considered the purest gold, but jewellery is not made from it because it is very soft. 3. Do not make cash payment, take bill While buying gold, it is better to make payment through UPI (such as Bhim App) and digital banking instead of cash payment. If you want, you can also make payment through debit or credit card. After this, do not forget to take the bill. If you have ordered online, then definitely check the packaging.
Graphics Source: VaskarAssets
Gold and silver prices rose this week: Gold rose by Rs 543 to reach Rs 71,958, silver was being sold at Rs 85,019 per kg
