Gold and silver prices have increased today on 5 December. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold has increased by Rs 61 to Rs 76,453. Earlier, the price was Rs 76,392 per ten grams.
Silver prices also rose. It increased by Rs 1,185 to reach Rs 91,210 per kg. Earlier, silver was at Rs 90,025. On the other hand, 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 in 4 metro cities and Bhopal
- Delhi: The price of 10 grams of 22 carats is Rs 71,550. The price of 10 grams of 24 carats is Rs 78,040.
- Mumbai: The price of 10 grams of 22 carats is Rs 71,400. The price of 10 grams of 24 carats is Rs 77,890.
- Kolkata: The price of 10 grams of 22 carats is Rs 71,400. The price of 10 grams of 24 carats is Rs 77,890.
- Chennai: The price of 10 grams of 22 carats is Rs 71,400. The price of 10 grams of 24 carats is Rs 77,890.
- Bhopal: The price of 10 grams of 22 carats is Rs 71,450. The price of 10 grams of 24 carats is Rs 77,940.
The price may reach up to 85 thousand rupees by June
Ajay Kedia, director of Kedia Advisory, says that after a big rally, gold was expected to fall, and that has already happened. After America, the UK has cut interest rates. This will increase the purchase of gold ETF. In such a situation, by June 30 next year, it can reach Rs 85 thousand per 10 grams.
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. This is called a Hallmark Unique Identification Number or HUID. This number is alphanumeric i.e. something like this- AZ4524. Through hallmarking, it is possible to find out how many carats a gold has.
