Jaipur : Even before Diwali, the price of gold has broken all records till now. The price of gold reached its peak on Wednesday. After which the price of 10 grams of gold in Jaipur bullion market has increased to an all time high of Rs 82 thousand. The price of silver has also increased by Rs 900.
gold reached 82 thousand
Sushil Jain of Jaipur Bullion Association said that the demand for both gold and silver has increased significantly during the festival season in India. This is the reason why today the price of gold has broken all the records till now and has touched the figure of 82 thousand. At the same time, the price of silver also continues to rise. Which may continue in the coming days also. Due to which the price of gold can cross the figure of Rs 82 thousand. Whereas silver can reach a price of up to Rs 1,5000.
According to the price released by Jaipur Bullion Committee, the price of 10 grams of 24 carat gold in Jaipur has reached Rs 82 thousand, while the price of 22 carat gold per 10 grams has reached Rs 76 thousand 900. 18 carat gold has reached Rs 63 thousand 300 per ten grams and 14 carat gold has reached Rs 50 thousand 800 per ten grams. At the same time, the price of refined silver has reached Rs 1 lakh 1 thousand 400 per kg.
Keep these things in mind while buying gold
1. Buy only certified gold
Always buy certified gold with Hall Mark of Bureau of Indian Standards (BIS). Under the new rule, gold will not be sold without 6 digit alphanumeric hallmarking from April 1. Just like there is a 12 digit code on Aadhaar card, similarly gold will have a 6 digit hall mark code. This is called Hall Mark 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.
