Gold became costlier by ₹ 343 and reached ₹ 1.21 lakh: This year the price of gold increased by ₹ 44,951, today silver increased by ₹ 535 and is being sold at ₹ 1.50 kg.

There is a rise in the prices of gold and silver today i.e. on 3rd November. According to India Bullion and Jewelers Association (IBJA), 10 grams of gold increased by Rs 343 to Rs 1,21,113. Earlier the price of gold was Rs 1,20,770 per 10 grams.

At the same time, silver increased by Rs 535 to Rs 1,49,660 per kg. Earlier its price was Rs 1,49,125 per kg. On October 17, gold made an all-time high of Rs 1,30,874 and silver made an all-time high of Rs 1,78,100.

IBJA’s gold prices do not include 3% GST, making charges and jewelers margin, hence the rates in cities are different. RBI uses these rates to decide the rates of Sovereign Gold Bond. Many banks use it to decide the rates of gold loan.

This year gold became costlier by ₹ 44,951 and silver by ₹ 63,643

• So far this year, the price of gold has increased by Rs 44,951. On December 31, 2024, 10 grams of 24 carat gold was worth Rs 76,162, which has now become Rs 1,21,113.
• The price of silver has also increased by Rs 63,643 during this period. On December 31, 2024, the price of one kg silver was Rs 86,017, which has now become Rs 1,49,660 per kg.

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). This number can be alphanumeric i.e. something like this – AZ4524. Hallmarking shows how many carats the gold is.

2. Price Cross Check: 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.

There is more news…