There was a decline in gold and silver this week: Gold fell by Rs 341 to Rs 75,623, silver was being sold at Rs 89,963 per kg.

This week there has been a decline in the prices of gold and silver. According to the website of India Bullion and Jewelers Association (IBJA), on last Saturday i.e. October 5, gold was at Rs 75,964, which has now come down to Rs 75,623 per 10 grams (October 12). That means its price has decreased by Rs 341 this week.

Whereas, if we talk about silver, it was at Rs 92,200 last Saturday, which has now come down to Rs 89,963 per kg. This week its price has decreased by Rs 2,237. This year, silver had reached its all-time high of Rs 94,280 per share on May 29.

Gold price in 4 metros and Bhopal

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 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 (such as 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.

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 ordering online then definitely check the packaging.