Gold has reached its all-time high today i.e. on October 3. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by Rs 274 to Rs 75,762. Earlier its price was Rs 75,515 per ten grams. At the same time, the price of silver is also rising today. It has increased by Rs 1,048 to Rs 90,930 per kg. Earlier silver was at Rs 89,882. This year silver has reached its all-time high of Rs 94,280 per kg on May 29. Gold price in 4 metros and Bhopal Gold can go up to 78 thousand by the end of the year According to Anuj Gupta, Commodity and Currency Head of HDFC Securities, there may be an increase in gold and silver 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 1 lakh rupees 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 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 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 jewellery is not made from it because it is very soft. 3. Don’t make cash payment, take bill
When buying gold, it is better to make payment through UPI (like 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. Also read Gold loan market growing at the rate of 8.45% annually: Gold loans worth ? 10 lakh crore will be distributed this year Gold loans available through banks and NBFCs are growing at 8.45% annually. ICRA has estimated the distribution of gold loans worth Rs 10 lakh crore in the current financial year 2024-25. The credit rating agency has estimated it to reach Rs 15 lakh crore in the next three years. Read full news
