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- Gold Rate Today (26th July 2024); What is the price of gold and silver today | Business News
New Delhi13 minutes ago
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After the reduction in custom duty (import tax) on gold and silver in the budget, their prices are falling for the fourth consecutive day. In four days, gold has become cheaper by Rs 5,149 and silver by Rs 6,860. The government has reduced the custom duty on gold and silver from 15% to 6% in the budget. The effect of this is being seen in their prices.
Three days after the budget, i.e. today on 26 July, gold has fallen by 158 rupees to 68,069 rupees. Silver has fallen by 138 rupees to 81,336 rupees per kg today. It fell by 3,616 rupees on 23 July and by 451 rupees on 24 July.


Gold price in 4 metro cities and Bhopal
- Delhi: The price of 10 grams of 22 carat gold is Rs 64,150 and the price of 10 grams of 24 carat gold is Rs 69,950.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 64,000 and the price of 10 grams of 24 carat gold is Rs 69,820.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 64,000 and the price of 10 grams of 24 carat gold is Rs 69,820.
- Chennai: The price of 10 grams of 22 carat gold is Rs 64,150 and the price of 10 grams of 24 carat gold is Rs 59,998.
- Bhopal: The price of 10 grams of 22 carat gold is Rs 64,050 and the price of 10 grams of 24 carat gold is Rs 69,850.

Demand for gold will increase, prices will not fall much
According to commodity expert Ajay Kedia, this time in the budget, the custom duty on gold and silver has been reduced from 15% to 6%. Due to this, its price is falling, but the demand for gold will increase even more rapidly in the coming days.
Although gold and silver have fallen now, it can only be called a duty adjustment. Even if gold falls for a few days, it will cover it again. Considering the elections in America and global tensions, the prices of gold and silver will not fall much. This is a good opportunity to buy.
So far this year, the price of gold has increased by more than Rs 4,700
So far this year, the price of gold has increased by Rs 4,717 per 10 grams. At the beginning of the year, it was at Rs 63,352. Which is now at Rs 68,069 per 10 grams. On the other hand, silver was at Rs 73,395 per kg at the beginning of the year. Which has now reached Rs 81,336 per kg. That is, silver has increased by Rs 7,941 this year.

Keep these 3 things in mind while buying gold
1. Buy only certified gold
Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). There is a 6-digit hallmark code on gold. This is called Hallmark Unique Identification Number or HUID. This number is alphanumeric i.e. something like this- AZ4524. Through hallmarking, it is possible to find out how many carats a gold has.
2. Cross check the price
Cross-check the exact weight of gold and its price on the day of purchase from multiple 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.
3. Do not make cash payment, take the bill
While buying gold, it is better to make payment through UPI (like Bhim App) and digital banking instead of cash payment. If you want, you can also make payment through debit or credit card. After this, do not forget to take the bill. If you have ordered online, then definitely check the packaging.
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