There is an increase in the prices of gold and silver today i.e. on 3rd December. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by Rs 152 to Rs 76,460. Earlier the price of gold was Rs 76,308 per ten grams.
The price of silver is also rising today. It has increased by Rs 1,389 to Rs 90,000 per kg. Earlier, silver was at Rs 88,611. At the same time, on October 23, silver had made an all-time high of Rs 99,151 and on October 30, gold had made an all-time high of Rs 79,681.
Gold price in 4 metros and Bhopal
- Delhi: The price of 10 grams 22 carat gold is Rs 71,450 and the price of 10 grams 24 carat gold is Rs 77,930.
- Mumbai: The price of 10 grams 22 carat gold is Rs 71,300 and the price of 10 grams 24 carat gold is Rs 77,780.
- Kolkata: 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.
- Chennai: The price of 10 grams 22 carat gold is Rs 71,300 and the price of 10 grams 24 carat gold is Rs 77,780.
- Bhopal: The price of 10 grams 22 carat gold is Rs 71,350 and the price of 10 grams 24 carat gold is Rs 77,830.
Gold can go up to Rs 85 thousand by June Ajay Kedia, Director of Kedia Advisory, says that gold was supposed to fall after a big rally, it has already arrived. After America, UK has cut interest rates. This will increase purchases of gold ETFs. In such a situation, by June 30 next year, gold can reach Rs 85 thousand per 10 grams.
Keep these 3 things in mind while buying gold
1. Buy only certified gold Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). There is a 6 digit hallmark code on gold. This 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 how many carats a gold is.
2. Cross check the price Cross-check the correct weight of gold and its price on the day of purchase from multiple 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 to be the purest gold, but jewelery is not made from it because it is very soft.
3. Do not pay cash, take bill While buying gold, it is better to make payment through UPI (like BHIM app) and digital banking instead of cash payment. If you want, you can also make payment through debit or credit card. After this don't forget to take the bill. If ordering online then definitely check the packaging.
Graphics Source: VaskarAssets
