Gold, Silver prices fell sharply, know what is today’s rate

New Delhi. After the reduction in custom duty on gold and silver in the budget, gold has become cheaper by Rs 5,000 and silver by Rs 6,400 in 3 days. The government has reduced the custom duty on gold and silver from 15% to 6% in the budget. This has led to this fall in the prices.

Two days after the budget, that is today on 25th July, gold has fallen by Rs 974 to Rs 68,177. It had fallen by Rs 3,616 on 23rd July and by Rs 451 on 24th July. Silver on the other hand has fallen by Rs 3,061 today to Rs 81,801 per kg.

Delhi: The price of 10 grams of 22 carat gold is Rs 64,150 and the price of 10 grams of 24 carat gold is Rs 69,950.

Mumbai: The price of 10 grams of 22 carat gold is Rs 64,000 and the price of 10 grams of 24 carat gold is Rs 69,820.

Kolkata: The price of 10 grams of 22 carat gold is Rs 64,000 and the price of 10 grams of 24 carat gold is Rs 69,820.

Chennai: The price of 10 grams of 22 carat gold is Rs 64,300 and the price of 10 grams of 24 carat gold is Rs 70,150.

Bhopal: The price of 10 grams of 22 carat gold is Rs 64,050 and the price of 10 grams of 24 carat gold is Rs 69,850.

Demand for gold will increase, prices will not fall much

According to commodity expert Ajay Kedia, the demand for gold and silver will increase rapidly in the coming days. Right now there has been a fall in gold and silver, but this can only be called a duty adjustment. Even if gold falls for a few days, it will cover it again. In view of the elections in America and global tensions, the prices of gold and silver will not fall much. This is a good opportunity to buy.

So far this year, the price of gold has increased by more than Rs 4,800

So far this year, the price of gold has increased by Rs 4,800 per 10 grams. At the beginning of the year, it was at Rs 63,352. Which is now at Rs 68,177 per 10 grams. On the other hand, silver was at Rs 73,395 per kg at the beginning of the year. Which has now reached Rs 81,801 per kg. That is, silver has increased by Rs 8,400 this year.

Keep these 3 things in mind

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.

cross check the price

Cross-check the exact 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 the purest gold, but jewellery is not made from it because it is very soft.

Don’t pay in cash, take the bill

While buying gold, it is better to make payment through UPI (like Bhim App) and Digital Banking instead of cash payment. If you want, you can also make payment through debit or credit card. After this, do not forget to take the bill. If you have ordered online, then definitely check the packaging.