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HomeEconomyGold at all-time high of ₹ 75,406: It has become costlier by ₹ 1,313...

Gold at all-time high of ₹ 75,406: It has become costlier by ₹ 1,313 so far this week, silver reached ₹ 90,817 per kg

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The price of gold reached its all-time high today (26 September). According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold rose by Rs 158 to Rs 75,406 on Thursday. Earlier on Wednesday, its price was Rs 75,248 per ten grams. So far this week, gold has become costlier by Rs 1,313.

Silver also became costlier by Rs 87

The price of silver also saw a rise today. It became costlier by Rs 87 and reached Rs 90,817 per kg. Earlier, silver was at Rs 90,730. This year, silver has reached its all-time high of Rs 94,280 per kg on 29 May.

Gold price in 4 metro cities and Bhopal

  • Delhi : The price of 10 grams of 22 carat gold is Rs 70,750 and the price of 10 grams of 24 carat gold is Rs 77,180.
  • Mumbai : The price of 10 grams of 22 carat gold is Rs 70,600 and the price of 10 grams of 24 carat gold is Rs 77,020.
  • Kolkata : The price of 10 grams of 22 carat gold is Rs 70,600 and the price of 10 grams of 24 carat gold is Rs 77,020.
  • Bhopal : The price of 10 grams of 22 carat gold is Rs 70,650 and the price of 10 grams of 24 carat gold is Rs 77,070.

Gold can reach up to 78 thousand by the end of the year According to Anuj Gupta, Commodity and Currency Head of HDFC Securities, gold and silver may see a rise in the coming days. This year gold can reach up to Rs 78 thousand per 10 grams. Silver can also reach up to Rs 1 lakh per kilogram.

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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 or HUID. This number is alphanumeric i.e. something like this- AZ4524. Through hallmarking, it is possible to find out how many carats a gold has.

2. Cross check the price Cross-check the exact 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 the purest gold, but jewellery is not made from it because it is very soft.

3. Do not make cash payment, take the 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, do not forget to take the bill. If you have ordered online, then definitely check the packaging.

Graphics Source: VaskarAssets

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