Get India NewsBusinessGold and silver prices fell today, gold fell by ₹31 to ₹75,933, silver became cheaper by ₹260 to ₹91,940 per kg
Gold prices fell today Monday (October 7). According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold fell by Rs 31 to Rs 75,933. Earlier (Friday, October 4), its price was Rs 75,964 per ten grams .
At the same time, the price of silver has also fallen today. It fell by Rs 260 to Rs 91,940 per kg. On Friday, silver was at Rs 92,200. This year, silver touched its all-time high of Rs 94,280 per kg on May 29.
Gold Price in 4 Metros and Bhopal
Delhi: The price of 10 grams of 22 carat gold is Rs 71,150 and the price of 10 grams of 24 carat gold is Rs 77,600. Mumbai: The price of 10 grams of 22 carat gold is Rs 71,000 and the price of 10 grams of 24 carat gold is Rs 77,450. Kolkata: The price of 10 grams of 22 carat gold is Rs 71,000 and the price of 10 grams of 24 carat gold is Rs 77,450. Chennai: The price of 10 grams of 22 carat gold is Rs 71,000 and the price of 10 grams of 24 carat gold is Rs 77,450. Bhopal: The price of 10 grams of 22 carat gold is Rs 71,050 and the price of 10 grams of 24 carat gold is Rs 77,500.
So far this year, gold has risen by Rs 12,581
According to IBJA, so far this year, the price of gold has increased by Rs 12,581. As on January 1, gold was at Rs 63,352, which has now reached Rs 75,933 per 10 grams. At the same time, the price of one kg of silver increased from Rs 73,395 to Rs 91,940.
Gold could rise to Rs 80,000 by the end of the year
According to Anuj Gupta, head of commodities and currencies at HDFC Securities, gold and silver could also see a rise in the coming days. This year, gold can go up to Rs 80,000 per 10 grams. At the same time, silver can also exceed Rs 1 lakh per kg.
Keep these 3 things in mind when buying gold
1. Buy only certified gold: Always buy certified gold bearing the Bureau of Indian Standards (BIS) mark. There is a 6 digit hallmark code on the gold. This is called the Hallmark Unique Identification Number, i.e. HUID. This number is alphanumeric, that is, something like this – AZ4524. Thanks to hallmarking, it is possible to know the number of carats of gold.
2. Check the price Check the correct weight of gold and its price on the day of purchase from several sources (like the India Bullion and Jewelers Association website). The price of gold varies according to 24 carat, 22 carat and 18 carat. 24-karat gold is considered the purest gold, but it is not used for jewelry because it is very soft.
3. Don’t pay cash, take bills. While buying gold, it is better to pay through UPI (like BHIM app) and digital banking rather than cash payment. If you wish, you can also make payment by debit or credit card. After that, don’t forget to take the bill. If you ordered online, definitely check the packaging.