Gold and silver prices saw a slight increase today i.e. on 4 December. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by Rs 68 to Rs 76,392. Earlier, the price of gold was Rs 76,324 per ten grams. Silver prices are also on the rise. It increased by Rs 45 to Rs 90,025 per kg. Earlier, silver was at Rs 89,980. 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 prices in 4 metros and Bhopal can go up to Rs 85 thousand by June
Ajay Kedia, director of 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 85 thousand rupees per 10 grams. Buy only certified gold.
Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). There is a 6-digit hallmark code on gold. This 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 particular gold is.
