Jaipur : Jaipur Due to the ongoing turmoil in the Indian market, the price of gold and silver has started increasing. In the last four days, the price of standard gold has increased by Rs 2300. At the same time, the price of silver per kg has increased to Rs 93 thousand. According to bullion traders, due to the ongoing instability in the market, a rise in the prices of gold and silver may be seen next week also. Raj Sharma, a bullion trader from Jaipur, said that there are continuous changes in the Indian stock market. After this, investors are preferring to invest in precious metals. This is the reason why the price of gold, which had reached near Rs 76 thousand, has once again crossed Rs 80 thousand. Whereas the price of silver has also seen an increase again. In such a situation, silver may once again cross Rs 95 thousand in the coming days. Whereas the price of gold can touch the figure of Rs 81 thousand.
According to the price released by Jaipur Bullion Committee, the price of 10 grams of 24 carat gold in Jaipur has reached Rs 80 thousand 300, while the price of 22 carat gold per 10 grams has reached Rs 75 thousand 100. 18 carat gold has reached Rs 61 thousand 700 per ten grams and 14 carat gold has reached Rs 49 thousand 300 per ten grams. At the same time, the price of refined silver has reached Rs 93 thousand 500 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 (such as 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.
