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Gold and silver prices saw a rise today (26 August). According to the India Bullion and Jewelers Association (IBJA), the price of one kg silver has increased by Rs 1576 to Rs 86,191 per kg on Monday. Earlier on Friday, the price of silver was Rs 84,615 per kg.
At the same time, 10 grams of 24 carat gold has increased by Rs 618 to Rs 72,042. On Friday, its price was Rs 71,424 per ten grams. This year, gold has reached an all-time high of Rs 73,302 per 10 grams in April. At the same time, silver reached its all-time high of Rs 94,280 per 10 grams on May 29.
According to IBJA, the price of gold has risen by Rs 8,690 so far this year. The price of gold on January 1 was Rs 63,352 which has now reached Rs 72,042 per 10 grams. The price of one kg silver has increased from Rs 73,395 to Rs 86,191.
Gold may cost Rs 1.68 lakh per 10 grams by 2030
According to Mahendra Lunia, chairman of Vighnaharta Gold, the price of gold can 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.

Gold price in 4 metro cities and Bhopal
- Delhi: The price of 10 grams of 22 carat gold is Rs 67,100 and the price of 10 grams of 24 carat gold is Rs 73,190.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 66,950 and the price of 10 grams of 24 carat gold is Rs 73,040.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 66,950 and the price of 10 grams of 24 carat gold is Rs 73,040.
- Chennai: The price of 10 grams of 22 carat gold is Rs 66,950 and the price of 10 grams of 24 carat gold is Rs 73,040.
- Bhopal: The price of 10 grams of 22 carat gold is Rs 67,000 and the price of 10 grams of 24 carat gold is Rs 73,090.
Keep these 2 things in mind while buying gold
1. Buy only certified gold
Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). Under the new rule, from April 1, gold will not be sold without six-digit alphanumeric hallmarking. 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 find out how many carats a particular 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 the 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 60 thousand rupees per 10 grams. That means the price of one gram of gold is 6000 rupees. In such a situation, the price of 1 gram of 1 carat purity gold is 6000/24 i.e. 250 rupees.
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 calculated by multiplying the number of grams of your jewellery by Rs 4,500.
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