Gold and silver prices saw a slight increase on Tuesday (3 December). According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold rose by Rs 16 to close at Rs 76,324. Earlier, the price of gold was Rs 76,308 per ten grams. Silver prices also rose. It rose by Rs 1,369 to Rs 89,980 per kg. Earlier, silver was at Rs 88,611. 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. The price of gold in 4 metros and Bhopal can go up to Rs 85 thousand by June. Ajay Kedia, director of Gold Kedia Advisory, says that after a big rally, gold was expected to fall, and it has already come. 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, gold can reach up to Rs 85 thousand per 10 grams. 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 to be the purest gold, but jewelry is not made from it because it is very soft. 3. Don’t make cash payment, take the bill
While 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.
