BusinessGold at record high, rose by ₹467 today, price of 10 grams of gold crossed ₹76,000 for the first time; Silver Rose by ₹1,615 to reach ₹92,286
Gold reached its all-time high on Friday, October 4. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold increased by Rs 467 and reached Rs 76,082 for the first time. However, after the day’s trading session, it fell 118 points from its high and closed at. 75,964 rupees.
A day earlier (Thursday October 3), its price was Rs 75,615 per ten grams. So, gold price has increased by ₹12,612 so far this year.
At the same time, the price of silver has also increased today. It increased by Rs 1,615 to Rs 92,286 per kg. At the close of trading, it was rising by Rs 1,529 to Rs 92,200. A day ago, silver was at Rs 90,671. This year, silver touched its all-time high of Rs 94,280 per kg on May 29.
So far this year, gold has risen by Rs 12,612 According to IBJA, so far this year, the price of gold has increased by Rs 12,612. As on January 1, gold was at Rs 63,352, which has now reached Rs 75,964 per 10 grams. At the same time, the price of one kg of silver increased from Rs 73,395 to Rs 92,200.
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 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 (such as 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 the bill While purchasing gold, it is better to make payment 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 order online, definitely check the packaging.