The gold price and silver fell on Friday (21 February). According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold fell by Rs 428 to Rs 86,092. Yesterday the price of gold was Rs 86,520. On Wednesday, gold had made an all-time high of Rs 86,733.
At the same time, the price of one kg of silver fell by Rs 642 today to Rs 97,147 per kg. Yesterday the price of silver was Rs 97,789 per kg. Silver had made its all-time high on 23 October 2024, when it reached Rs 99,151 per kg.
Gold price in 4 metros and Bhopal
- Delhi: The price of 10 grams of 22 carat gold is Rs 80,300 and the price of 10 grams of 24 carat gold is Rs 87,550.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 80,250 and the price of 10 grams of 24 carat gold is Rs 87,750.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 80,250 and the price of 10 grams of 24 carat gold is Rs 87,550.
- Chennai: The price of 10 grams of 22 carat gold is Rs 80,250 and the price of 10 grams of 24 carat gold is Rs 87,550.
- Bhopal: The price of 10 grams of 22 carat gold is Rs 80,300 and the price of 10 grams of 24 carat gold is Rs 87,600.
Gold has become costlier by Rs 9,930 since January 1
This year, i.e. from January 1 till now, the price of 10 grams of 24 carat gold has increased from Rs 76,162 to Rs 86,092 by Rs 9,930. At the same time, the price of silver has also increased from Rs 86,017 per kg to Rs 97,147 by Rs 11,130.
Gold Price can go up to Rs 90 thousand this year
Ajay Kedia, director of Kedia Advisory, says that after a big rally, gold was expected to fall, and it has already come. Gold is getting support due to the reduction in interest rates by the UK after the US and the increase in geo-political tension. At the same time, investment in gold ETF is also increasing. This is also increasing the demand for gold. In such a situation, gold can reach Rs 90 thousand per 10 grams this year.
Keep these 3 things in mind while buying gold
1. Buy certified gold: Always buy certified gold with the hallmark of Bureau of Indian Standards (BIS). 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 how many carats a gold is.
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 to be the purest gold, but jewelry is not made from it because it is very soft.
3. Don’t pay in cash, take the bill: While buying gold, it is better to pay through UPI (like Bhima App) and digital banking instead of cash payment. If you want, you can also pay through debit or credit card. After this, do not forget to take the bill. If you have ordered online, then definitely check the packaging.
