Gold and Silver Prices: Gold prices fell today on Monday (7 October). According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold fell by Rs 31 to Rs 75,933. Earlier (Friday, 4 October) its price was Rs 75,964 per ten grams.
At the same time, the price of silver also fell today. It fell by Rs 260 to Rs 91,940 per kg. On Friday, silver was at Rs 92,200. This year, silver has reached its all-time high of Rs 94,280 per kg on 29 May.
This year, the price of gold has increased by Rs 12,581 so far
According to IBJA, so far this year, the price of gold has increased by Rs 12,581. On January 1, gold was at Rs 63,352, which has now reached Rs 75,933 per 10 grams. At the same time, the price of one kg of silver has increased from Rs 73,395 to Rs 91,940.
Gold Price can go up to 80 thousand by the end of the year
According to Anuj Gupta, Commodity and Currency Head of HDFC Securities, gold and silver can also see an increase in the coming days. This year gold can go up to Rs 80 thousand per 10 grams. At the same time, silver can also cross Rs 1 lakh per kg.
Keep these 3 things in mind while buying gold
1. Buy certified gold Always buy certified gold with Bureau of Indian Standards (BIS) hallmark. There is a 6-digit hallmark code on gold. It 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 the carat of any gold.
2. Cross-check the price Cross check the correct weight of gold and its price on the day of purchase from many 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 the purest gold, but jewellery is not made from it because it is very soft.
3. Do not make cash payment, take bill While buying gold, it is better to make payment through UPI (such as Bhim App) and digital banking instead of cash payment. If you want, you can also make payment through debit or credit card. After this, do not forget to take the bill. If you have ordered online, then definitely check the packaging.
