Gold at all time high of ₹ 75,762: Silver increased by ₹ 1,048 to ₹ 90,930 per kg, gold can go up to ₹ 78 thousand by the end of the year

Gold has reached its all-time high today i.e. on 3rd October. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by Rs 274 to Rs 75,762. Earlier its price was Rs 75,515 per ten grams.

At the same time, the price of silver is also rising today. It has increased by Rs 1,048 to Rs 90,930 per kg. Earlier, silver was at Rs 89,882. This year, silver has reached its all-time high of Rs 94,280 per kg on May 29.

Gold price in 4 metros and Bhopal

Gold can go up to Rs 78 thousand by the end of the year

According to Anuj Gupta, Commodity and Currency Head, HDFC Securities, gold and silver may see a rise in the coming days. This year gold can go up to Rs 78 thousand per 10 grams. At the same time, silver can also reach Rs 1 lakh per kg.

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 i.e. HUID. This number is alphanumeric i.e. something like this – AZ4524. Through hallmarking it is possible to find out how many carats any gold is.

2. Cross check the price

Cross-check the correct 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 jewelery is not made from it because it is very soft.

3. Do not pay cash, take 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 don’t forget to take the bill. If you have ordered online then definitely check the packaging.

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