Silver reached Rs 86,373 per kg. Whereas gold is worth Rs 73,596.
If we talk about the price of gold in four metros,
Delhi: The price of 10 grams of 22-carat gold is Rs 66,750, and the price of 24 carats is Rs 73,900.
Mumbai: The price of 10 grams of 22-carat gold is Rs 67,600, and the price of 24-carat gold is Rs 73,750.
Kolkata: The price of 10 grams of 22-carat gold is Rs 67,600, and the price of 24-carat gold is Rs 73,750.
Chennai: The price of 10 grams of 22-carat gold is Rs 67,700, and the price of 24-carat gold is Rs 73,850.
So far this year, the price of gold has increased by Rs 10,031. On January 1, gold was at Rs 63,352, which has now reached Rs 73,383 per 10 grams. At the same time, the price of one kg of silver has increased from Rs 73,395 to Rs 86,373.
An increase may be seen in gold and silver in the coming days, too. In the next year, the price of gold can go up to Rs 80 thousand to Rs 85 thousand per 10 grams. Whereas silver can also reach Rs 1 lakh per kg.
Buy only certified gold.
Always buy certified gold bearing the hallmark of the Bureau of Indian Standards (BIS). Under the new rule, gold will not be sold without six-digit alphanumeric hallmarking as of April 1. The 6-digit hallmark code on gold can be something like this: AA2254. This is called the Hallmark Unique Identification Number HUID. Through hallmarking, it has become possible to find out how many carats of gold there are.
Cross-check the correct weight of gold and its price on the day of purchase. The price of gold varies according to the carats: 24 carats, 22 carats, and 18 carats.
24 carat gold is considered the purest gold, but jewelry is not made from it. 22-carat or less gold is used for jewelry.
Check the price like this: Suppose the price of 24 carat gold is Rs 70 thousand per 10 grams. That means the price of one gram of gold was Rs 7,000; in this case, the price of 1 gram of gold with 1 carat of purity was Rs 7,000/24 carat, Rs 291.
Now suppose your jewelry is made of 18-carat pure gold; then its price is 18×291, i.e., Rs 5,283 per gram. Now the exact price of gold can be calculated by multiplying the number of grams of your jewelry by Rs 5,283.
