Mumbai35 minutes ago
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Gold prices rose today i.e. on July 18. According to the website of India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold rose by Rs 640 to Rs 73,979. Yesterday its price was Rs 73,339 per ten grams.
However, silver prices declined. One kg silver fell by Rs 459 and was sold at Rs 91,555 per kg. Earlier, silver was at Rs 92,014 per kg. This year, silver had reached its all-time high of Rs 94,280 per kg on May 29.
So far this year, the price of gold has increased by more than Rs 10,620
So far this year, the price of gold has increased by Rs 10,627 per 10 grams. At the beginning of the year, it was at Rs 63,352. Which is now at Rs 73,979 per 10 grams.
At the same time, silver was at Rs 73,395 per kg at the beginning of the year. Which has now reached Rs 91,555 per kg. That is, silver has increased by Rs 18,160 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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