Gold and silver prices rose today (September 13). According to the India Bullion and Jewelers Association (IBJA), on Friday, 10 grams of 24 carat gold rose by Rs 1,243 to Rs 73,044. On Thursday, its price was Rs 71,801 per ten grams. At the same time, one kg of silver has increased by Rs 2,912 to Rs 86,100 per kg. Earlier on Thursday, silver was at Rs 83,188 per kg. This year, gold has reached an all-time high of 73,302 per 10 grams in April. At the same time, silver reached its all-time high of Rs 94,280 per kg on May 29. So far this year, gold has increased by more than 9 thousand rupees. According to IBJA, so far this year, the price of gold has increased by Rs 9,692. On January 1, gold was at Rs 63,352, which has now reached Rs 73,044 per 10 grams. At the same time, the price of one kg silver has increased from Rs 73,395 to Rs 86,100. Gold became more expensive by more than 8 thousand rupees in 2023
At the beginning of the year 2023, gold was at Rs 54,867 per gram, which reached Rs 63,246 per gram on December 31. That is, in the year 2023, its price increased by Rs 8,379 (16%). At the same time, silver also increased from Rs 68,092 to Rs 73,395 per kg. Gold price in 4 metros and Bhopal may reach Rs 1.68 lakh per 10 grams by 2030
According to Mahendra Lunia, chairman of Vighnaharta Gold, gold prices may reach Rs 1.68 lakh per 10 grams by 2030. The reasons for the rise in gold prices include factors ranging from geopolitical tensions to global economic recession. Keep these 2 things in mind while buying gold 1. Buy certified gold
Always buy certified gold with the hallmark of Bureau of Indian Standards (BIS). Under the new rule, gold will not be sold without six-digit alphanumeric hallmarking from April 1. Just like there is a 12-digit code on the Aadhaar card, similarly there will be a 6-digit hallmark code on gold. This is called Hallmark Unique Identification Number i.e. HUID. This number can be alphanumeric i.e. something like this – AZ4524. Through hallmarking, it has become possible to know the carat of any gold. 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. Usually 22 carat or less carat gold is used for jewellery. Check the price according to carat like this
Suppose the price of 24 carat gold is Rs 60 thousand per 10 grams. That means the price of one gram of gold is Rs 6000. In such a situation, the price of 1 gram of gold with 1 carat purity is 6000/24 i.e. Rs 250. Now suppose your jewellery is made of 18 carat pure gold, then 18×250 means its price is Rs 4,500 per gram. Now the correct price of gold can be found by multiplying the number of grams of your jewellery by Rs 4,500.
