The price of 10 grams of 24 carat gold reached ? 1 lakh for the first time in the bullion market today i.e. on Tuesday 22 April. Here, the price of silver has fallen by ? 342 to ? 95,900 per kg. On Monday, the price of silver was ? 96,242 per kg. Silver had made an all-time high of ? 1,00,934 on March 28. Gold price in 4 metros and Bhopal 3 reasons for the rise in gold Gold has become costlier by Rs 23,838 in 112 days This year, i.e. from 1 January till now, i.e. in 112 days, the price of 10 grams of 24 carat gold has increased from Rs 76,162 to Rs 23,838 and has reached 1 lakh. On the other hand, the price of silver has increased by Rs 9,883 from Rs 86,017 per kg to Rs 95,900. Gold may go up to ?1.10 lakh by the end of the year Due to the increasing trade war between the US and China and fears of recession, gold may reach up to $3,700 per ounce this year. If calculated as per the international rate, the price of 10 gram of gold in India may go up to Rs 1.10 lakh. This estimate has been issued by foreign investment bank Goldman Sachs. At the time of independence, gold was at Rs 88.62 When the country got independence in 1947, the price of gold was Rs 88.62 per 10 gram which is now at Rs 1 lakh. That means, from then to now, gold has become 1127 times (112741%) expensive. The price of silver was around Rs 107 per kg in 1947 and now it is at Rs 95,900. Buy only certified gold Always buy certified gold having the hallmark of Bureau of Indian Standards (BIS). Gold has a 6-digit hallmark code. 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.
