Gold-Silver prices surge: 24 carat gold nears Rs. 98,000; Silver up Rs. 1,060

There is an increase in the price of gold and silver today i.e. on July 3. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold has increased by ₹ 306 to ₹ 97,786 per 10 grams. Earlier, its price was ₹ 97,480.

New Delhi, July 3: There is an increase in the price of gold and silver today i.e. on July 3. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold has increased by ₹ 306 to ₹ 97,786 per 10 grams. Earlier, its price was ₹ 97,480.

The price of silver has increased by ₹ 1,060 to ₹ 1,07,748 per kg. Earlier, it was at ₹ 1,06,688. On June 18, silver had made an all-time high of ₹ 1,09,550 and gold ₹ 99,454.

This year so far it has become costlier by ₹ 21,624 

From January 1 this year till now, the price of 10 grams of 24 carat gold has increased from Rs 76,162 to Rs 97,786 by Rs 21,624. At the same time, the price of silver has also increased from Rs 86,017 per kg to Rs 1,07,748 by Rs 21,731. At the same time, last year i.e. in 2024, gold became costlier by Rs 12,810.

This year gold can go up to ₹ 1 lakh 3 thousand

Ajay Kedia, Director of Kedia Advisory, says that geo-political tensions are still there. War has also started between Israel and Iran. This is giving support to gold. This is increasing the demand for gold. In such a situation, this year gold can go up to Rs 1 lakh 3 thousand per 10 grams. On the other hand, silver can go up to Rs 1 lakh 30 thousand this year.

Buy only certified gold

Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). There is a 6-digit hallmark code on gold. This is called Hallmark Unique Identification Number or HUID. This number is alphanumeric i.e. something like this- AZ4524. Through hallmarking, it is possible to find out how many carats a gold has.