New Delhi: Gold and silver prices fell for the second consecutive day today, September 18th. According to the India Bullion and Jewelers Association (IBJA), 10 grams of 24-carat gold fell by Rs 469 toRs 109,264. Yesterday, it was Rs 109,733.
Silver also fell by Rs193 to Rs1,25,563 per kilogram. Previously, on September 17th, silver was at Rs 1,25,756. On September 16th, gold had hit an all-time high of Rs1,10,869 and silver Rs1,25,756.
Gold became costlier by Rs 33,102 and silver by Rs 39,546 this year.
Keep these 2 things in mind while buying gold
1. Buy only certified gold: Always buy certified gold hallmarked by the Bureau of Indian Standards (BIS). Under the new rules, gold without the six-digit alphanumeric hallmark will not be sold.
Just as Aadhaar cards have a 12-digit code, gold will have a 6-digit hallmark code. This is called the Hallmark Unique Identification Number (HUID).
This number may be alphanumeric, such as AZ4524. Hallmarking makes it possible to determine the carat weight of a particular piece of gold.
2. Cross check the price: Cross check the exact weight of the 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 the purest gold, but it’s not used for jewelry because it’s too soft. 22-carat gold is typically used for jewelry.
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