The price of gold fell today i.e. on 9 June. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has come down by ? 1,281 to ? 95,864. Earlier, the price of gold was ? 97,145 per 10 grams. At the same time, the price of 1 kg silver has increased by ? 275 to ? 1,05,560. This is its all-time high. Earlier, silver had reached ? 1,05,285 per kg. Gold had made an all-time high of ? 99,100 on 21 April. Price of 10 grams of gold in 4 metros including Bhopal Investors are booking profit in gold According to Ajay Kedia, Director of Kedia Advisory, gold has given a return of about 26% so far this year, so investors are booking profit in gold. Due to this, there has been a sell-off in gold which may continue for a few days. This may bring gold down further in the coming days. However, geo-political tensions still persist, due to which gold is getting support. Apart from this, the demand for gold is also increasing in the wedding season. Due to this, gold will remain bullish in the long term. Gold has become expensive by ? 19,702 so far this year
This year i.e. from January 1 till now, the price of 10 grams of 24 carat gold has increased from Rs 76,162 to Rs 19,702 to Rs 95,864. At the same time, the price of silver has also increased from Rs 86,017 per kg to Rs 19,543 to Rs 1,05,560. At the same time, last year i.e. in 2024, gold became expensive by Rs 12,810. 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 or 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 jewellery 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.
