This week, there has been a rise in the prices of gold and silver. According to the website of India Bullion and Jewelers Association (IBJA), last Saturday i.e. on August 24, gold was at Rs 71,424, which has now reached Rs 71,958 per 10 grams on (August 31). That is, its price has increased by Rs 543 this week. Talking about silver, it was at Rs 84,615 last Saturday, which has now reached Rs 85,019 per kg. This week its price has increased by Rs 404. This year, silver reached its all-time high of Rs 94,280 on May 29. At the same time, gold made an all-time high of Rs 74,222 on May 21. Gold price in 4 metros and Bhopal This year, gold has increased by more than Rs 8 thousand so far
According to IBJA, so far this year, the price of gold has increased by Rs 8,606. On January 1, gold was at Rs 63,352, which has now reached Rs 71,958 per 10 grams. At the same time, the price of one kg silver has increased from Rs 73,395 to Rs 85,019. Gold can go up to 78 thousand by the end of the year. According to Anuj Gupta, Commodity and Currency Head of HDFC Securities, further increase in gold and silver can be seen in the coming days. This year, gold can go up to Rs 78 thousand per 10 grams. At the same time, silver can also reach Rs 1 lakh per kg. Keep these 3 things in mind while buying gold 1. Buy only 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 the carat of gold. 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 the purest gold, but jewellery is not made from it because it is very soft. 3. Do not make cash payment, take bill
While buying gold, it is better to make payment through UPI (such as Bhim App) and digital banking instead of cash payment. If you want, you can also make payment through debit or credit card. After this, do not forget to take the bill. If you have ordered online, then definitely check the packaging.
