There is a fall in the prices of gold and silver today i.e. on 22nd April. According to India Bullion and Jewelers Association (IBJA), 10 grams of 24K gold has become cheaper by Rs 243 to Rs 73,161. At the same time, one kg silver has become cheaper by Rs 914. It is being sold for Rs 81,939. So far this year, the price of gold has increased by Rs 9,809. On January 1, gold was at Rs 63,352. This month, gold prices have increased by Rs 4,500. On the other hand, silver has also become costlier by Rs 8,544. On January 1, 2024, the price of one kg silver was Rs 73,395. Gold price in 4 metros and Bhopal 3 reasons for the rise in gold prices: Gold became costlier by more than 8 thousand rupees in 2023. At the beginning of the year 2023, gold was at Rs 54,867 per gram, which reached Rs 63,246 per gram on December 31. I went. That means in the year 2023, its price increased by Rs 8,379 (16%). At the same time, silver also increased from Rs 68,092 to Rs 73,395 per kg. According to Mahendra Lunia, Chairman of Vighnaharta Gold, the price of gold can reach Rs 1.68 lakh per 10 grams by 2030. The reasons for the rise in gold prices range from geopolitical tensions to global economic recession. 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). Under the new rule, gold will not be sold without six-digit alphanumeric hallmarking from April 1. Just as there is a 12 digit code on the Aadhaar card, similarly gold will have a 6 digit hallmark code. This is called Hallmark Unique Identification Number i.e. HUID. This number can be alphanumeric i.e. something like this – AZ4524. Through hallmarking, it has become possible to find out how many carats of 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 (like 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 to be the purest gold, but jewelery is not made from it because it is very soft. Generally 22 carat or less gold is used for jewellery. Check the price according to carat like this: Suppose the price of 24 carat gold is Rs 60 thousand per 10 grams. That means the price of one gram of gold was Rs 6000. In such a situation, the price of 1 gram gold of 1 carat purity was 6000/24 i.e. 250 rupees. Now suppose your jewelery is made of 18 carat pure gold, then its price is 18×250 i.e. Rs 4,500 per gram. Now the exact price of gold can be calculated by multiplying the number of grams of your jewelery by Rs 4,500.
