Today gold prices fell, silver became expensive. Gold fell today, silver became expensive: Gold fell by ₹ 110 to ₹ 72,220, silver was being sold at ₹ 91,500 per kg.

There is a fall in the prices of gold today i.e. on 18th June. 10 grams of 24 carat gold has fallen by Rs 110 to Rs 72,220. At the same time, one kg silver is being sold at Rs 91,500, up by Rs 500.

This year the price of gold has increased by Rs 8,350 per 10 grams. At the beginning of the year it was at Rs 63,870. Whereas silver was at Rs 72,160 per kg. That means, silver has increased by Rs 19,340 this year.

Gold price in 4 metros and Bhopal

Keep these 4 things in mind while buying gold

1. Buy only certified gold
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.

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 70 thousand per 10 grams. That means the price of one gram of gold was Rs 7000. In such a situation, the price of 1 gram gold of 1 carat purity was 7000/24 ​​i.e. Rs 291.

Now suppose your jewelery is made of 18 carat pure gold, then its price is 18×291 i.e. Rs 5,283 per gram. Now the exact price of gold can be calculated by multiplying the number of grams of your jewelery by Rs 5,283.

3. Do not pay cash, take bill
Cash payment while buying gold can prove to be a big mistake. It is better to make payment through UPI (like BHIM app) and digital banking. 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.