Gold Price dropped today (7 November). According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold fell by Rs 1,356 to Rs 76,780. Earlier its price was Rs 78,136 per ten grams.
At the same time, the price of silver also fell today. It fell by Rs 2,532 to Rs 90,369 per kg. Earlier silver was at Rs 92,901. On October 23, silver made an all-time high of Rs 99,151 and on October 30, gold made an all-time high of Rs 79,681.
Gold price Dropped in 4 metros and Bhopal
- Delhi: The cost of 10 grams of 22-carat gold is Rs 72,150 and the cost of 10 grams of 24-carat is Rs 78,710.
- Mumbai: The cost of 10 grams of 22-carat gold is Rs 72,000 and the cost of 10 grams of 24-carat is Rs 78,560.
- Kolkata: The cost of 10 grams of 22-carat gold is Rs 72,000 and the cost of 10 grams of 24-carat gold is Rs 78,560.
- Chennai: The cost of 10 grams of 22-carat gold is Rs 72,000 and the cost of 10 grams of 24-carat is Rs 78,560.
- Bhopal: The cost of 10 grams of 22-carat gold is Rs 72,050 and the cost of 10 grams of 24-carat is Rs 78,610.
Keep these 3 things in mind while buying gold.
1. Buy only certified gold
Always buy certified gold bearing the hallmark of the Bureau of Indian Standards (BIS). There is a 6-digit hallmark code on gold. This is called a 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 there are.
2. Cross-check the Gold price
Cross-check the correct weight of gold and its cost on the day of purchase from many sources (such as the website of India Bullion and Jewelers Association). The cost of gold varies according to 24 carat, 22 carat, and 18 carat. 24-carat gold is considered to be the purest gold, but jewelry is not made from it because it is very soft.
3. Do not make a cash payment, take the bill
While buying gold, it is better to make payments through UPI (such as the Bhim App) and digital banking instead of cash payment. If you want, you can also make payments through a debit or credit card. After this, do not forget to take the bill. If you have ordered online, then definitely check the packaging.
