The price of gold had increased by Rs 4,048 in the last week.
After a continuous increase in the prices of gold and silver in the past few days, a decline is being seen today (25 November). According to India Bullion and Jewelers Association (IBJA), on Monday, 10 grams of 24 carat gold fell by Rs 1,089 to Rs 76,698. On Friday its price was Rs 77,787 per ten grams.
At the same time, the price of one kg silver has decreased by Rs 1,762 to Rs 89,088 per kg. Earlier on Friday, the price of silver was Rs 90,850 per kg. This year, gold has reached an all-time high of Rs 79,681 per 10 grams on October 30. At the same time, silver had reached its all-time high of Rs 99,151 per kg on October 23.
Gold has increased by more than Rs 13,346 so far this year According to IBJA, so far this year the price of gold has increased by Rs 13,346. At the same time, the price of silver has increased by Rs 15,693. On January 1, gold was at Rs 63,352 per 10 grams, which has now reached Rs 76,698 per 10 grams. At the same time, the price of one kg silver has increased from Rs 73,395 per kg to Rs 89,088 per kg.
Gold may cost Rs 1.68 lakh per 10 grams by 2030 According to Mahendra Lunia, Chairman of Vighnaharta Gold, the price of gold can reach Rs 1.68 lakh per 10 grams by 2030. The reasons for the rise in gold prices range from geopolitical tensions to global economic recession.
Gold price in 4 metros and Bhopal
- Delhi: The price of 10 grams 22 carat gold is Rs 72,150 and the price of 10 grams 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: 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 22 carat gold is Rs 72,050 and the price of 10 grams 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 bearing the hallmark of Bureau of Indian Standards (BIS). Under the new rule, gold will not be sold without six-digit alphanumeric hallmarking from April 1. Just as there is a 12 digit code on the Aadhaar card, similarly gold will have a 6 digit hallmark code. This is called Hallmark Unique Identification Number i.e. HUID.
This number can be alphanumeric i.e. something like this – AZ4524. Through hallmarking, it has become possible to find out how many carats of 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 (like 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. Generally 22 carat or less carat gold is used for jewellery.
Graphics Source: VaskarAssets