By Amit - December 1, 2022
New Delhi28 minutes ago
Today i.e. on Thursday, there was a tremendous rise in the price of gold and silver in the bullion market. According to the website of the India Bullion and Jewelers Association (IBJA), on December 1, gold became costlier by Rs 343 to reach Rs 53,120 in the bullion market.
gold price by carat
Silver reached close to 64 thousand in silver
If we talk about silver, then it has reached close to 64 thousand. In the bullion market, it has become costlier by Rs 1,783 to reach Rs 63,683 per kg. It was at 61,900 thousand on 30 November.
Great rise in gold and silver in the month of November
There was a good rise in gold and silver in November last month. Gold has become costlier by Rs 2,315 in November. On November 1, it was Rs 50,462 per 10 grams, which reached Rs 52,777 on November 30. On the other hand, if we talk about silver, it increased from Rs 58,200 per kg to Rs 61,900.
Gold can go up to 54 thousand by the end of the year
IIFL Securities Vice President (Commodity & Currency) Anuj Gupta said that the main reason for this rise in the price of gold and silver is the fall in the dollar index. The US dollar index fell to a 12-week low of 105. Apart from this, central banks around the world have increased gold reserves. Due to this the demand for gold is high and its prices will get support. Due to this, gold can go up to 54 thousand in the coming days.
Find out the rate of gold by giving a missed call
You can easily find out the price of gold and silver sitting at home. For this you just have to give a missed call on 8955664433 and the message will come on your phone. In this you can check the latest rates.
Keep these five things in mind before buying gold
1. Buy only certified gold
Always buy certified gold that is hallmarked by the Bureau of Indian Standards (BIS). Also check the purity code, testing center mark, jeweler’s mark and date of marking.
2. Don’t pay cash, take bill
Cash payment can prove to be a big mistake while buying gold. It is good to make payment through UPI (like BHIM app) and digital banking. If you want, you can also pay through debit or credit card. Don’t forget to take the bill after this. If ordering online, do check the packaging.
3. Know the reselling policy
Many people view gold as an investment. In such a situation, it is important that you have complete knowledge about the resale value of gold. Also discuss the buyback policy of the concerned jeweler with the store staff.