On the first day of the year i.e. January 1, there was a rise in the price of gold. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold rose by Rs 421 to Rs 76,583. Earlier, the price of gold was Rs 76,162 per ten grams. At the same time, the price of silver rose by Rs 38 to Rs 86,055 today. Yesterday silver was Rs 86,017 per kg. At the same time, 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 price according to carat Gold price in 4 metros and Bhopal Gold became costlier by Rs 13,231 in 2024 Pressure on gold due to cut in interest rates According to currency head Anuj Gupta, recently the US Central Bank Federal Reserve has cut interest rates by 25 basis points (0.25%). Due to this reduction, pressure has been seen on gold and silver for the last few days. However, in the coming days, gold and silver can again see an increase. In the next one year i.e. 2025, gold can go up to Rs 82 thousand per 10 grams. At the same time, silver can also reach Rs 95 thousand per kg. Keep these 3 things in mind while buying gold 1. Buy 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. Do not make cash payment, take the 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.
