An increase was seen in the price of gold on Friday (22 November). According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold increased by Rs 855 to reach Rs 77,787. Earlier its price was Rs 76,932 per ten grams.
At the same time, the price of silver also increased today. It increased by Rs 533 to Rs 90,850 per kg. Earlier, silver was at Rs 90,317. 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 72,400 and the price of 10 grams 24 carat gold is Rs 78,970.
- Mumbai: The price of 10 grams 22 carat gold is Rs 72,250 and the price of 10 grams 24 carat gold is Rs 78,820.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 72,250 and the price of 10 grams of 24 carat gold is Rs 78,820.
- Chennai: The price of 10 grams 22 carat gold is Rs 72,250 and the price of 10 grams 24 carat gold is Rs 78,820.
- Bhopal: The price of 10 grams 22 carat gold is Rs 72,300 and the price of 10 grams 24 carat gold is Rs 78,870.
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 of gold is.
Graphics Source: VaskarAssets
