Gold became costlier by Rs 885 and reached ₹ 1.26 lakh: Silver rose by ₹ 1,536; This year the price of gold increased by ₹ 50,000 and silver by ₹ 72,000

There is a rise in the prices of gold and silver today i.e. on Wednesday, 26th November. According to India Bullion and Jewelers Association (IBJA), 10 grams of gold has become costlier by Rs 885 and reached Rs 1,26,004. Yesterday 10 grams of gold was worth Rs 1,25,119.

At the same time, silver has become costlier by Rs 1,536 and reached Rs 1,57,856. Earlier the price of silver was Rs 1,56,320 per 10 grams. On October 17, gold had made an all-time high of Rs 1,30,874 and on October 14, silver had made an all-time high of Rs 1,78,100.

Why are rates different in different cities?

IBJA gold prices do not include 3% GST, making charges and jewelers margin, hence rates vary from city to city. Many banks including Punjab National Bank use these prices to decide gold loan rates.

This year gold became costlier by ₹ 49,842 and silver by ₹ 71,839

• So far this year, the price of gold has increased by Rs 49,842. On December 31, 2024, 10 grams of 24 carat gold was worth Rs 76,162, which has now become Rs 1,26,004.
• The price of silver has also increased by Rs 71,839 during this period. On December 31, 2024, the price of one kg silver was Rs 86,017, which has now become Rs 1,57,856 per kg.

Keep these 2 things in mind while buying gold

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.

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…