Gold and Silver Rates: The wedding season is over, but despite this, the prices of gold and silver in the bullion market are soaring. At the start of the third week of December, gold prices surged again. Gold prices have increased in most states of the country. Upon market opening, silver rose by Rs. 2900 per kg, crossing the Rs. 2 lakh mark again. Gold rates reached an all-time high on December 15th. According to the India Bullion and Jewellers Association (IBJA), gold opened at Rs. 1,33,442 per 10 grams in the morning. However, a slight decline was observed afterwards. It closed at Rs. 1,33,249, up Rs. 539. The previous day, it was at Rs. 1,32,710. Meanwhile, silver prices declined today, falling by Rs. 1,763 to Rs. 1,93,417 per kg. Previously, it was at Rs. 1,95,180.
On December 15th, in Varanasi’s bullion market, the price of 24-karat gold increased by Rs. 2330 per 10 grams to Rs. 1,34,880 per tola. On December 14th, its price was Rs. 1,32,550 per 10 grams. In Lucknow, the price of 24-karat gold increased by Rs. 2550 to Rs. 1,35,680 per 10 grams.
How much did 22-karat gold increase?
In Varanasi’s bullion market, the price of 22-karat gold increased by Rs. 2150 per 10 grams upon market opening today, reaching Rs. 1,23,650 per 10 grams. Previously, on December 14th, its price was Rs. 1,21,500.
Keep these things in mind when buying gold:
1. Buy only certified gold: Always buy certified gold with the Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric, something like AZ4524. Hallmarking indicates the purity of the gold in karats.
2. Cross-check the price: Cross-check the correct weight of the gold and its price on the day of purchase from multiple sources. The cost of gold varies by purity: 24-karat, 22-karat, or 18-karat.