New Delhi, July 4: The price of gold has fallen by Rs 195 today i.e. on Friday (July 4) and has reached Rs 97,142 per 10 grams. Yesterday it was at Rs 97,337 per 10 grams.
According to the India Bullion and Jewelers Association (IBJA), the price of one kg silver has also come down by Rs 253 to ₹ 1,07,367. Yesterday one kg silver was ₹ 1,07,620 per kg.
On June 18, silver made an all-time high of ₹ 1,09,550 and gold made an all-time high of ₹ 99,454. This year, gold has become costlier by about ₹ 20 thousand. Similarly, the price of silver has also increased by about ₹ 21 thousand.
Price of 10 grams of gold in 4 metro cities
Delhi: Price of 24 carat gold is ₹98,880 and price of 22 carat gold is ₹90,650
Mumbai: Price of 24 carat gold is ₹98,730 and price of 22 carat gold is ₹90,500
Kolkata: 24 carat gold price is ₹98,730 and 22 carat gold price is ₹90,500
Chennai: 24 carat gold price is ₹98,730 and 22 carat gold price is ₹90,500
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.