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.
A big fall was seen in the price of gold on Tuesday (26 November). According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has fallen by Rs 1,630 to Rs 75,451. Earlier the price of gold was Rs 77,081 per ten grams.
At the same time, the price of silver also declined today. It fell by Rs 1,345 to Rs 88,100 per kg. Earlier, silver was at Rs 89,445. 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 70,950 and the price of 10 grams 24 carat gold is Rs 77,390.
- Mumbai: The price of 10 grams 22 carat gold is Rs 70,800 and the price of 10 grams 24 carat gold is Rs 77,240.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 70,800 and the price of 10 grams of 24 carat gold is Rs 77,240.
- Chennai: The price of 10 grams 22 carat gold is Rs 70,800 and the price of 10 grams 24 carat gold is Rs 77,240.
- Bhopal: The price of 10 grams 22 carat gold is Rs 70,850 and the price of 10 grams 24 carat gold is Rs 77,290.
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. There is little scope for the price to fall below Rs 74 thousand per 10 grams. 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.
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 any gold is.
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Graphics Source: VaskarAssets
