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- Gold Price Today (1 August); What is the price of gold and silver today | Business News
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There is a rise in the prices of gold and silver today i.e. on August 1. According to the website of India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold has increased by Rs 596 to Rs 69,905. Yesterday its price was Rs 69,309 per ten grams.
At the same time, one kg silver has risen by Rs 568 and is being sold at Rs 83,542 per kg. Earlier, silver was at Rs 82,974 per kg. This year, silver reached its all-time high of Rs 94,280 per kg on 29 May.
gold price by carat
| Carat | Price (Rs./10 gm) |
| 24 | 69,905 |
| 22 | 64,033 |
| 18 | 52,429 |
Gold price in 4 metro cities and Bhopal
- Delhi: The price of 10 grams of 22 carat gold is Rs 64,650 and the price of 10 grams of 24 carat gold is Rs 70,510.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 64,500 and the price of 10 grams of 24 carat gold is Rs 70,360.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 64,500 and the price of 10 grams of 24 carat gold is Rs 70,360.
- Chennai: The price of 10 grams of 22 carat gold is Rs 64,300 and the price of 10 grams of 24 carat gold is Rs 70,150.
- Bhopal: The price of 10 grams of 22 carat gold is Rs 64,550 and the price of 10 grams of 24 carat gold is Rs 70,410.
So far this year, the price of gold has increased by more than Rs 6,500
So far this year, the price of gold has increased by Rs 6,553 per 10 grams. At the beginning of the year, it was at Rs 63,352. Which is now at Rs 69,364 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 83,065 per kg. That is, silver has increased by Rs 10,147 this year.
Gold has become costlier by Rs 6,553 so far this year
| date | gold price | Silver Price |
| 1 January | ₹63,352 per 10 gram | Rs 73,395 per kilogram |
| 1st August | ₹69,905 per 10 gram | 83,542 per kilogram |
Source: India Bullion and Jewelers Association
Gold prices may increase further in the coming days
There are 8 big festivals from August to December. There are 16 auspicious dates for marriage in November-December. According to Ujjain’s Pandit Sudhir, the important Pushya nakshatras for shopping are 4 August, 31 August, 27 September and 25 October.
The special thing is that this year there were no auspicious dates for marriage in May-June, due to which a large number of marriages have been postponed to November-December. In such a situation, the records of gold sales may be broken this time. According to the World Gold Council, the demand for jewellery, gold bars and coins will increase till December. 50 tonnes of additional demand may arise. This may lead to a rise in gold prices.

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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