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 September 28, gold was at Rs 75,640, which has now reached Rs 75,964 per 10 grams (October 5). That is, its price has increased by Rs 324 this week. On the other hand, if we talk about silver, it was at Rs 91,448 last Saturday, which has now reached Rs 92,200 per kg. This week its price has increased by Rs 752. This year, silver reached its all-time high of Rs 94,280 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. Silver can also reach up to Rs 1 lakh per kilogram. 3 main reasons for the increase in the price of gold 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 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 the purest gold, but jewellery is not made from it because it is very soft. 3. Don’t make cash payment, take the 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.
