Gold Rate – It reached its all-time high today on 16 October. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold rose by Rs 623 to Rs 76,553. A day earlier, its price was Rs 75,930 per ten grams. Gold has become costlier by Rs 13,201 so far this year. On January 1, 2024, its price was Rs 63,352 per 10 grams.
At the same time, the price of silver also increased. It rose by Rs 1,712 to Rs 91,512 per kg. A day earlier, silver was at Rs 89,800. Silver has reached its all-time high of Rs 94,280 per kg on 29 May.
Gold Rate in 4 metro cities and Bhopal
- Delhi: The price of 10 grams of 22-carat gold is Rs 71,550 and 10 grams of 24-carat gold is Rs 78,040.
- Mumbai: The price of 10 grams of 22-carat gold is Rs 71,150 and 10 grams of 24-carat gold is Rs 77,890.
- Kolkata: The price of 10 grams of 22-carat gold is Rs 71,150 and 10 grams of 24-carat gold is Rs 77,890.
- Chennai: The price of 10 grams of 22-carat gold is Rs 71,150 and 10 grams of 24-carat gold is Rs 77,890.
- Bhopal: The price of 10 grams of 22-carat gold is Rs 71,450 and 10 grams of 24-carat gold is Rs 77,940.
Keep these 3 things in mind while buying gold
1. Buy certified gold
Always buy certified gold with the hallmark of the Bureau of Indian Standards (BIS). There is a 6-digit hallmark code on gold. It is called a Hallmark Unique Identification Number or HUID. This number is alphanumeric i.e. something like this – AZ4524.
2. Cross-check the gold rate
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 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 payments, 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.
Gold can reach 78 thousand by the end of the year
According to Anuj Gupta, Commodity and Currency Head of HDFC Securities, there can be an increase in gold and silver in the coming days. This year gold can go up to 78 thousand rupees per 10 grams. At the same time, silver can also reach 1 lakh rupees per kilogram.
