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- Gold Price Today (2 May 2025); Sona Chandi ka Bhav Aaj Ka Kya Hai | Business news
New Delhi3 minutes ago
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The price of gold is declining today i.e. May 2. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams 24 carat gold has fallen ₹ 968 to ₹ 93,393. Earlier, the price of 10 grams of gold was ₹ 94,361. Gold has fallen ₹ 2,238 so far this week. Gold was at ₹ 95,631 last Saturday.
At the same time, the price of one kg of silver has increased ₹ 86 to ₹ 94,200 per kg today. Earlier, silver was ₹ 94,114 per kg. Earlier, gold made ₹ 99,100 on 21 April and silver on 28 March made all time high of ₹ 1,00,934.
Gold price in 4 metros and Bhopal
- Delhi: The price of 10 grams 22 carat gold is Rs 87,800 and 10 grams 24 carat gold is priced at Rs 95,660.
- Mumbai: The price of 10 grams 22 carat gold is Rs 87,550 and 10 grams 24 carat gold is priced at Rs 95,510.
- Kolkata: The price of 10 grams 22 carat gold is Rs 87,550 and 24 carat 10 grams of gold is priced at Rs 95,510.
- Chennai: The price of 10 grams 22 carat gold is Rs 87,550 and 10 grams 24 carat gold is priced at Rs 95,510.
- Bhopal: The price of 10 grams 22 carat gold is Rs 87,600 and 10 grams 24 carat gold is priced at Rs 95,560.
3 major reasons for fall in gold
- US dollar strengthening: Gold prices usually have a reverse relationship with the US dollar. When the dollar is strong, gold prices decrease.
- Reduction in global demand: There has been a decrease in demand for gold in the international market. Its demand has declined among jewelers and stockists. This has also caused a fall in its prices.
- Profit recovery: In the past, after increasing gold prices rapidly, investors are now making profits by selling gold. According to experts, gold may fall further in the short term in the coming days.
Keep these 3 things in mind while buying gold
1. Buy certified gold Always buy a certified gold of the Bureau of Indian Standard (BIS) hallmark. Gold has a 6 -digit hallmark code. It is called Hallmark Unique Identification Number ie Huid. This number alphanumeric means something like this- AZ4524. It is possible to find out how many carats a gold is through hallmarking.
2. Cross check the price Cross the right weight of gold and the day of purchasing the price of it with many sources (eg India Bullion and Jewelers Association’s website). The price of gold varies according to 24 carats, 22 carats and 18 carats. 24 carat gold is considered the pure gold, but its jewelery is not formed, because it is very soft.
3. Do not pay cash, take a bill It is good to make payment through UPI (such as Bhima app) and digital banking instead of cash payment while buying gold. If you want, you can also pay through debit or credit card. After this, do not forget to take the bill. If ordered online, then check the packaging.
