Mumbai10 minutes ago
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This week there was a rise in the prices of gold and silver. According to the data of India Bullion and Jewelers Association (IBJA), on last Friday i.e. 27 December 2024, the price of 10 grams of 24 carat gold was Rs 76,436, which became costlier by Rs 1,068 to Rs 77,504 after a week i.e. on Friday (3 January 2025). Has reached.
There was also a slight increase in the prices of silver. On December 27, 1 kg silver was being sold for Rs 87,831. One week later, on January 3, 2025, the prices became costlier by Rs 290 and reached Rs 88,121 per kg. On October 23, silver had made an all-time high of Rs 99,151 and on October 30, gold had made an all-time high of Rs 79,681.
Gold gave 20% return and silver 17% return in 2024.
Last year i.e. between January 1, 2024 and December 31, 2024, the price of gold increased by 20.22%. On January 1, 2024, the price of 24 carat 10 gram gold was Rs 63,352, which increased by Rs 12,810 to Rs 76,162 in a year.
At the same time, on January 1, one kg of silver was being sold for Rs 73,395, whose price increased by Rs 12,622 to reach Rs 86,017 on the last day of the year. Silver price increased by 17.19% in one year.
While buying gold, check purity from hallmark.
Buying gold is a very expensive deal, hence there should be no compromise on quality while buying it. To check this it is necessary to see the hallmark. Hallmark government guarantee determined by the Bureau of Indian Standards (BIS).
Here we will tell you how pure the gold you are buying is…
24 carat gold is considered the purest gold. But jewelery cannot be made from it because it is very soft. Generally 22 carat gold is used for jewellery, which contains 91.66% gold. At the same time, 999 is written on 24 carat gold, 958 on 23 carat gold, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat.
- ‘Karat’ gold means 1/24% gold, if your jewelery is 22 carat then divide 22 by 24 and multiply it by 100. (22/24)x100= 91.66 i.e. purity of gold used in your jewelery is 91.66%.
- Suppose the rate of 24 carat gold is Rs 78,000 per 10 grams and if you go to buy it in the market, then the price of 22 carat gold will be (78,000/24)x22= Rs 71,500. Similarly, the price of 18 carat gold will also be decided. (78,000/24)x18= Rs 58,500.
| carat | Purity (in percent) |
| 24 | 99.9% |
| 23 | 95.8% |
| 22 | 91.6% |
| 21 | 87.5% |
| 18 | 75.0% |
| 17 | 70.8% |
| 14 | 58.5% |
Always buy certified gold only
Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). Under the new rule, gold will not be sold without six-digit alphanumeric hallmarking from April 1.
Just as there is a 12 digit code on the Aadhaar card, similarly gold will have 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.
