On June 20, the prices of gold and silver surged significantly. The price of 10 grams of 24-carat gold rose by Rs 810, reaching Rs 73,250 compared to the previous day's price of Rs 72,400 per 10 grams. Similarly, the price of silver increased by Rs 1,500, reaching Rs 94,000 per kilogram. Over the year, the price of gold has increased by Rs 9,380 per 10 grams, starting at Rs 63,870 at the beginning of the year. On the other hand, the price of silver, which was Rs 72,160 per kilogram at the beginning of the year, has increased by Rs 21,840. As of yesterday, the price of silver was already Rs 1,500 higher.
Price of Gold in different cities-
| City | 24 carat | 22 carat |
| Delhi | Rs 72,590 | Rs 66,550 |
| Mumbai | Rs 72,440 | Rs 66,400 |
| Chennai | Rs 73,010 | Rs 67,000 |
| Kolkata | Rs 72,440 | Rs 66,400 |
| Hyderabad | Rs 72,440 | Rs 66,400 |
| Bangalore | Rs 72,440 | Rs 66,400 |
| Bhubaneswar | Rs 72,440 | Rs 66,400 |
The prices of gold and silver in India are influenced by various factors, including global demand, variations in valuations between countries, prevailing interest rates, and government regulations on the gold trade. In addition, global events such as the state of the international economy play a significant role in impacting the prices of these precious metals.
When purchasing gold, consider these four essential factors:
- Purchase only certified gold
Ensure that the gold bears the hallmark of the Bureau of Indian Standards (BIS). Certified gold includes a 6-digit hallmark code, known as the Hallmarking Identification Number (HUID). This numeric code, such as AS 4524i, indicates the gold's carat value. - Verify the price
Confirm the exact weight of the gold and its price on the day of purchase by consulting multiple sources. Gold prices vary based on its purity, with 24 karat, 22 karat, and 18 karat being the most common variations. Although 24 karat gold is considered the purest, it is too soft for jewelry making. - Avoid making cash payments
When purchasing gold, it is advisable to make payments through UPI or digital banking rather than cash. Alternatively, you can use a debit or credit card for the transaction. Always ensure you receive a bill afterward. If ordering online, be sure to check the packaging upon receipt.The prices of gold and silver in India are influenced by various factors, including global demand, differences in valuations between countries, prevailing interest rates, and government regulations on the gold trade. Additionally, global events, such as the state of the international economy, play a significant role in impacting the prices of these precious metals.