Gold prices saw a slight increase on Tuesday (24 December). According to the India Bullion and Jewelers Association (IBJA), 10 grams of 24-carat gold has fallen by Rs 70 to Rs 75,874. On Monday, its price was Rs 75,944 per ten grams.
At the same time, the price of one kg of silver has increased by Rs 23 to Rs 87,511 per kg. Earlier on Friday, the cost of silver was Rs 87,488 per kg. This year, gold reached an all-time high of Rs 79,681 per 10 grams on October 30. At the same time, silver reached its all-time high of Rs 99,151 per kg on October 23.
Increased by more than Rs 12,522 so far this year
According to IBJA, so far this year, the price of gold has risen by Rs 12,522. At the same time, the price of silver has risen by Rs 2,378. On January 1, gold was at Rs 63,352 per 10 grams, now reaching Rs 75,874 per 10 grams. At the same time, the price of one kg of silver has increased from Rs 85,133 per kg to Rs 87,511 per kg.
May reach Rs 1.68 lakh per 10 grams by 2030
According to Mahendra Lunia, Chairman of Vighnaharta Gold, the price of gold may reach Rs 1.68 lakh per 10 grams by 2030. The reasons for the rise in gold prices include factors ranging from geopolitical tensions to global economic recession.
Price in 4 metros and Bhopal
Delhi: The price of 10 grams of 22-carat is Rs 71,050 and the price of 10 grams of 24-carat is Rs 77,500.
Mumbai: The price of 10 grams of 22-carat is Rs 70,900 and the price of 10 grams of 24-carat is Rs 77,350.
Kolkata: The price of 10 grams of 22-carat is Rs 70,900 and the price of 10 grams of 24-carat is Rs 77,350.
Chennai: The price of 10 grams of 22-carat is Rs 70,900 and the price of 10 grams of 24-carat is Rs 77,350.
Bhopal: The price of 10 grams of 22-carat is Rs 70,950 and the price of 10 grams of 24-carat is Rs 77,400.
Keep these 2 things in mind while buying
1. Buy only certified gold Always buy certified bearing the hallmark of the Bureau of Indian Standards (BIS). Under the new rule, from April 1, it will not be sold without six-digit alphanumeric hallmarking. Just like there is a 12-digit code on the Aadhar card, similarly there will be a 6-digit hallmark code on it. This is called a Hallmark Unique Identification Number i.e. HUID.
This number can be alphanumeric i.e. something like this – AZ4524. Through hallmarking, it has become possible to find out how many carats of gold are.
2. Cross-check the price Cross-check the correct weight 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 , but jewelry is not made from it because it is very soft. Usually, 22 carat or less carat is used for jewelry.
