There has been a slight decline in the prices of gold today i.e. on 7th May. According to India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold has become cheaper by Rs 41 to Rs 71,775. However, today there has been an increase in the price of silver. One kg of silver has become costlier by Rs 208 and is being sold at Rs 81,500 per kg. Earlier on May 6, silver was at Rs 81,292 per kg. The price of gold in 4 metros and Bhopal has seen a spectacular rise in gold and silver this year. According to IBJA, the price of gold has increased by Rs 8,423 so far this year. On January 1, gold was at Rs 63,352, which has now reached Rs 71,775 per 10 grams. At the same time, the price of one kg silver has increased from Rs 73,395 to Rs 81,500. Always buy certified gold. If you buy gold, always buy certified gold with the hallmark of Bureau of Indian Standards (BIS). Under the new rule, gold will no longer be sold without six-digit alphanumeric hallmarking. 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.
