This week there has been an increase in the prices of gold and silver. According to the website of India Bullion and Jewelers Association (IBJA), on last Saturday i.e. 16 November, gold was at Rs 73,739, which has now reached Rs 77,787 per 10 grams (23 November). That means its price has increased by Rs 4,048 this week.
Talking about silver, it was at Rs 87,103 last Saturday, which has now reached Rs 90,850 per kg. In this way, its price has increased by Rs 3,747 this week. 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 73,150 and the price of 10 grams 24 carat gold is Rs 79,790.
- Mumbai : The price of 10 grams 22 carat gold is Rs 73,000 and the price of 10 grams 24 carat gold is Rs 79,640.
- Kolkata : The price of 10 grams of 22 carat gold is Rs 73,000 and the price of 10 grams of 24 carat gold is Rs 79,640.
- Chennai : The price of 10 grams 22 carat gold is Rs 73,000 and the price of 10 grams 24 carat gold is Rs 79,640.
- Bhopal : The price of 10 grams 22 carat gold is Rs 73,050 and the price of 10 grams 24 carat gold is Rs 79,690.
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 a gold is.
Graphics Source: VaskarAssets
