The price of gold and silver fell today i.e. on 2 April. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has fallen by 119 rupees to 90,996 rupees. Earlier, gold was at 91,115 rupees. This is also its all-time high.
The price of one kg of silver has fallen by 105 rupees to 99,536 rupees per kg. Earlier, the price of silver was 99,641 rupees per kg. Silver had made an all-time high of 1,00,934 rupees on 27 March last week.
Gold price in 4 metros and Bhopal
Gold has become costlier by Rs 14,834 so far this year
This year, i.e. from January 1 till now, the price of 10 grams of 24 carat gold has increased from Rs 76,162 to Rs 14,834 i.e. 40% to Rs 90,996. At the same time, the price of silver has also increased from Rs 86,017 per kg to Rs 13,519 i.e. 15% to Rs 99,536. At the same time, last year i.e. in 2024, gold became costlier by Rs 12,810.
Gold can go up to Rs 94 thousand this year
Ajay Kedia, Director of Kedia Advisory, says that gold is getting support due to increasing geo-political tension. At the same time, investment in Gold ETF is also increasing. Due to this, the demand for gold is increasing. In such a situation, this year gold can cross Rs 94 thousand per 10 grams. If we talk about silver, then according to Anuj Gupta, Commodity and Currency Head of HDFC Securities, its price can increase further. By the end of the year, silver can go up to Rs 1 lakh 8 thousand.
Buy certified gold only
Always buy certified gold with the hallmark of Bureau of Indian Standards (BIS). There is a 6-digit hallmark code on gold. It is called Hallmark Unique Identification Number i.e. HUID. This number is alphanumeric i.e. something like this- AZ4524. Through hallmarking, it is possible to find out how many carats a gold is.
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