This week, the price of gold and silver has increased. According to the data of India Bullion and Jewelers Association (IBJA), the price of gold has increased by Rs 1,557 in a week. On the last day of last week i.e. Friday (April 11), the price of 10 grams of 24 carat gold was Rs 93,353, which has now reached Rs 94,910 per 10 grams. This is also the all-time high of gold. At the same time, the price of silver has also increased by Rs 2,222 during this period. On April 11, the price of one kg of silver was Rs 92,929, which has increased to Rs 95,151 on April 17. On March 28, silver had made an all-time high of Rs 1,00,934. 3 reasons for the rise in gold Gold price in 4 metro cities Gold can reach ?1.10 lakh by the end of the year Due to the growing trade war between the US and China and fears of recession, gold can reach $3,700 per ounce this year. If calculated according to the international rate, the price of 10 grams of gold in India can go up to Rs 1.10 lakh. Foreign investment bank Goldman Sachs has released this estimate. Buy certified gold only Always buy certified gold with 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 gold is.
