There has been a decline in gold prices today (11 November). According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold fell by Rs 355 to Rs 77,027. Earlier its price was Rs 77,382 per ten grams.
At the same time, the price of silver also declined today. It fell by Rs 297 to Rs 90,833 per kg. Earlier silver was at Rs 91,130. 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 72,200 and the price of 10 grams 24 carat gold is Rs 78,910.
- Mumbai : The price of 10 grams 22 carat gold is Rs 72,200 and the price of 10 grams 24 carat gold is Rs 78,760.
- Kolkata : The price of 10 grams of 22 carat gold is Rs 72,200 and the price of 10 grams of 24 carat gold is Rs 78,760.
- Chennai : The price of 10 grams 22 carat gold is Rs 72,200 and the price of 10 grams 24 carat gold is Rs 78,760.
- Bhopal : The price of 10 grams 22 carat gold is Rs 72,050 and the price of 10 grams 24 carat gold is Rs 78,610.
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 (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 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 you have ordered online then definitely check the packaging.
Graphics Source: VaskarAssets
