There is a decline in the prices of gold and silver. On Wednesday (November 6), the price of 10 grams of 24 carat gold fell by Rs 460 to Rs 78,106. On Tuesday its price was Rs 78,566.
At the same time, the price of silver has fallen by Rs 2,268 and it has come to the price of Rs 91,993 per kg. Earlier, silver was at Rs 94,261.
In the same month, on October 23, silver had made an all-time high of Rs 99,151. During trading 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 73,800 and the price of 10 grams 24 carat gold is Rs 80,500.
- Mumbai: The price of 10 grams 22 carat gold is Rs 73,650 and the price of 10 grams 24 carat gold is Rs 80,350.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 73,650 and the price of 10 grams of 24 carat gold is Rs 80,350.
- Chennai: The price of 10 grams 22 carat gold is Rs 73,650 and the price of 10 grams 24 carat gold is Rs 80,350.
- Bhopal: The price of 10 grams 22 carat gold is Rs 73,700 and the price of 10 grams 24 carat gold is Rs 80,400.
This year silver became costlier by 28% and gold by 24%
The price of gold and silver continues to rise. At the beginning of this year, the price of 10 grams of 24 carat gold was Rs 63,352, which has now reached Rs 78,106. After 10 months, there has been an increase of Rs 14,754 i.e. about 24%.
Whereas, on January 1, 1 kg silver was priced at Rs 73,395, which has now increased by Rs 20,106 to Rs 93,501 per kg. There has been an increase of about 28% in 10 months.
Gold can go up to Rs 87 thousand by next Diwali
According to Anuj Gupta, Commodity and Currency Head, HDFC Securities, gold is getting support due to geopolitical tension and the beginning of the festive season. Due to this, an increase in gold and silver may be seen in the coming days. By the next month, gold can go up to Rs 87 thousand per 10 grams.
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.
Graphics Source: VaskarAssets
