Hindi NewsBusinessGold Price Today (21 November); What is the price of gold and silver today? Business News
New Delhi18 minutes ago
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Today i.e. on 21st November, there has been a rise in the prices of gold and silver. According to the website of India Bullion and Jewelers Association (IBJA), the price of 24 carat gold in the bullion market has increased by Rs 464 to Rs 61,352 per 10 grams. Whereas the price of 18 carat gold has increased to Rs 46,014.
Apart from this, a rise in the price of silver has also been seen today. It has increased by Rs 479 to reach Rs 73,040 per kg. Earlier it was at Rs 72,561 per kg.
There has been a rise in gold and silver so far this month
So far this month, there has been a slight increase in the prices of gold and silver. On November 1, the price of gold was Rs 60,896, which has now reached Rs 61,352 per 10 grams. The price of silver has increased by Rs 2,215 so far this month. It was at Rs 70,825 on the first day of November, which has now reached Rs 73,040 per 10 grams.
Gold can go up to Rs 62 thousand
Gold and silver prices are expected to continue rising in the international and domestic markets as well. Anuj Gupta, Head of Commodity and Currency, HDFC Securities, said that bond yields are decreasing in the international market and the dollar is weakening. This will continue to support gold.
Apart from this, the wedding season is also about to start. In such a situation, increase in demand will affect the prices. Due to this, gold can go up to 62 thousand and silver up to 75 thousand in the coming days.
Keep 4 things in mind before buying gold
1. Buy only certified gold
Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). Just as there is a 12 digit code on the Aadhaar card, similarly gold has a 6 digit hallmark code. This is called Hallmark Unique Identification Number i.e. HUID.
This number can be alphanumeric i.e. something like this – AZ4524. Through hallmarking, it has become possible to find out how many carats of gold is.
2. Cross check the price
Cross-check the correct weight of 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 to be the purest gold, but jewelery is not made from it because it is very soft. Generally 22 carat or less gold is used for jewellery.
Check the price according to carat like this: Suppose the price of 24 carat gold is Rs 60 thousand per 10 grams. That means the price of one gram of gold was Rs 6000. In such a situation, the price of 1 gram gold of 1 carat purity was 6000/24 i.e. 250 rupees.
Now suppose your jewelery is made of 18 carat pure gold, then its price is 18×250 i.e. Rs 4,500 per gram. Now the exact price of gold can be calculated by multiplying the number of grams of your jewelery by Rs 4,500.
3. Do not pay cash, take bill
While buying gold, it is better to make payment through UPI and digital banking instead of cash payment. If you want, you can also make payment through debit or credit card. After this don’t forget to take the bill. If you have ordered online then definitely check the packaging.
4. Know the reselling policy
Many people see gold as an investment. In such a situation, it is important that you have complete information about the resale value of gold. Also, discuss with the store employees about the buyback policy of the concerned jeweler.
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