Gold reached its all-time high on Friday, October 4. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold increased by Rs 467 and touched Rs 76,082 for the first time. However, after the day’s trading, it fell 118 points from its high and closed at Rs 75,964.
A day earlier (Thursday, October 3) its price was Rs 75,615 per ten grams. In this way, the price of gold has increased by ₹ 12,612 this year.
At the same time, the price of silver has also increased. It increased by Rs 1,615 to Rs 92,286 per kg. It rose by Rs 1529 to Rs 92,200 at the close of trading. A day ago silver was at Rs 90,671. Silver has reached its all-time high of Rs 94,280 per kg on May 29.
Gold price in 4 metro cities and Bhopal
- Delhi: The price of 10 grams of 22-carat gold is Rs 71,350 and 24-carat gold is Rs 77,820.
- Mumbai: The price of 10 grams of 22-carat gold is Rs 71,200 and 24-carat gold is Rs 77,670.
- Kolkata: The price of 10 grams of 22-carat gold is Rs 71,200 and 24-carat gold is Rs 77,670.
- Chennai: The price of 10 grams of 22-carat gold is Rs 71,200 and 24-carat gold is Rs 77,670.
- Bhopal: The price of 10 grams of 22-carat gold is Rs 71,250 and 24-carat gold is Rs 77,720.
Gold has increased by Rs 12,612 so far this year
According to IBJA, so far this year gold reached its all-time high and the price of gold has increased by Rs 12,612. On January 1, gold was at Rs 63,352. It has now reached Rs 75,964 per 10 grams. At the same time, the price of one kg of silver has increased from Rs 73,395 to Rs 92,200.
Gold may go up to Rs 80 thousand by the end of the year
According to Anuj Gupta, Commodity and Currency Head, HDFC Securities, gold and silver may rise 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 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.
2. Cross-check the price
Cross-check the correct weight of gold and its price on the day of purchase. The gold price varies according to 24-carat, 22-carat and 18-carat. 24-carat gold is the purest gold, but jewellery is not made from it because it is very soft.
3. Do not pay cash, take the bill
While buying gold, it is better to make payments through UPI (like 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 don’t forget to take the bill. If ordering online then definitely check the packaging.
