Gold crosses Rs 65 thousand for the first time, price of 10 grams Rs 65,049, silver Rs 72,121

The Kalamkar News, Gold Silver Rate: Gold price crossed Rs 65,000 for the first time today. According to the website of India Bullion and Jewelers Association (IBJA), 10 grams of gold has become costlier by Rs 556 to Rs 65,049.

At the same time, an increase is being seen in silver also today. It has become costlier by Rs 411 and has reached Rs 72,121 per kg. Earlier it was at Rs 71,710. Silver had made an all-time high of Rs 77,000 on December 4 last year.

4 reasons for the rise in gold:

Demand for gold has increased due to the wedding season.
Dollar index has weakened.
Central banks around the world are buying gold. Gold
can go up to Rs 67 thousand
According to Anuj Gupta, Commodity and Currency Head of HDFC Securities, the rise in gold prices may continue in the coming days. Is. Due to this, by the end of this year, gold can go up to Rs 67 thousand per 10 grams.

At the beginning of the year 2023, gold was at Rs 54,867 per gram, which reached Rs 63,246 per gram on 31 December. 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.

Keep these 4 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 (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 18x250 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.