Gold Silver Price Today 16 July Gold Silver Price Today | Today gold prices rose, silver fell: 10 grams of gold reached Rs 73,131, one kg silver came at Rs 91,802.

There is a slight increase in the prices of gold today i.e. on 16th July. According to the website of India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold has increased by Rs 199 to reach Rs 73,131. Yesterday its price was Rs 72,932 per ten grams.

However, there is a slight decline in silver prices. One kg silver is being sold at Rs 91,802 per kg, slipping by Rs 33. Earlier, silver was at Rs 91,835 per kg. This year, silver had reached its all-time high of Rs 94,280 per share on May 29.

Gold price in 4 metros and Bhopal

Gold prices have increased by more than Rs 9,500 so far this year
So far this year, the price of gold has increased by Rs 9,779 per 10 grams. At the beginning of the year it was at Rs 63,352. Which is now at Rs 73,131 per 10 grams.

At the beginning of the year, silver was at Rs 73,395 per kg. Which has now reached Rs 91,802 per kg. That means, silver has increased by Rs 18,407 this year.

Keep these 3 things in mind while buying gold

1. 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 i.e. HUID. This number is alphanumeric i.e. something like this – AZ4524. Through hallmarking it is possible to find out how many carats a 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.

3. Do not pay cash, take 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 don’t forget to take the bill. If ordering online then definitely check the packaging.