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Wednesday, 4 December, 2024

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Gold Price Today: Will Wedding Season Drive Costs Higher? Check Rates Before Buying

Do you think this is the right time to buy gold and save a little before the prices touch the sky? You should buy gold while the prices are lower, and save a little money. Check out the gold and silver prices today before you buy. Gold rate today in India (22 carat) surged to Rs 72.860 per 10 gram (gm), according to Good Returns website.

Gold And Silver Prices Today
Gold And Silver Prices Today

Gold Price Today: As the wedding season approaches, the importance of traditional metals rises in Indian households. Wearing gold and silver on auspicious occasions is a tradition that is still being followed, and Indians continue to choose yellow metal over anything else. During the wedding season, the prices of gold and silver often plunge higher because the demand increases. Do you think this is the right time to buy gold and save a little before the prices touch the sky? You should buy gold while the prices are lower, and save a little money. Before you buy gold or silver, you can keep a check on fluctuations, you can also compare the prices offered by different brands to avail discounts. This will also help you to get better deals that are sometimes gone unnoticed. Check out the gold and silver prices today before you buy.

Gold rate today in India (22 carat) surged to Rs 72.860 per 10 gram (gm), according to Good Returns website. While, the 24-carat gold rate was quoted at Rs 79,4801 per 10 gm.

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As far as the yellow metal of 18-carat purity is concerned, its prices traded at Rs 59,620 per 10 gm on saturday, November 09, 2024.  While, silver rates today have seen an overnight increase and are trading at Rs 94,100 per kg.

MCX Gold, Silver Price Today

In futures trade, gold contracts for December delivery traded at +0.03% higher at Rs 77,292 per 10 gm on the Multi Commodity Exchange at the time of writing this article. While silver contracts for December delivery traded in green at +0.00% at Rs 91,270 per 1 kg in the early morning trade on Friday.

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Gold, Silver Price Today

City

Gold Price (22 carat in Rs/gm)Silver Price (Rs/kg)
Delhi 7,30194,100
Mumbai7,28694,100
Bengaluru7,28694,100
Chennai7,2861,03,100
Pune7,28694,100
Ahmadabad 7,29194,100
Kolkata7,28694,100
Hyderabad7,2861,03,100
Source: Good Returns

How To Check the Purity Of Gold

Here are a few tips to check the purity of the gold, if you are buying it this season.

  • Look for a hallmark: The best way is to look for the hallmark provided on it. 22 karat gold, also known as 916 gold, will have a hallmark stamp on the back of 916.
  • Check for the BIS Standard Mark: On all the jewelry, you can look for a triangle with the letters “BIS” to underneath to ensure the purity of the gold.
  • Perform an acid test: Can be performed under guidance, where you can test the gold with nitric acid to check its purity
    Colour Test: The yellow metal, Gold stays yellow always, it remains untarnished and retains its color. If your gold jewelry shows signs of fading or changes in color, it may not be pure.

ALSO READ: Planning To Buy Gold THIS Diwali? Here’s What You Should Know About The Tax Rules On Precious Metal

HISTORY

Written By

Aishwarya Samant


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

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