Gold declines by ₹ 2,613 in one day: Gold and silver with stock market also started, profit booking started after 19% return

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On March 28, silver made ₹ 1,00,934 and gold on April 3 made an all -time high of ₹ 91,205. - Dainik Bhaskar

On March 28, silver made ₹ 1,00,934 and gold on April 3 made an all -time high of ₹ 91,205.

Gold and silver prices also fell in the stock market amid a decline of more than 3000 points on 7 April. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams 24 carat gold has fallen ₹ 2,613 to ₹ 88,401. Earlier, the price of 10 grams of gold was ₹ 91014.

The price of one kilo of silver has fallen by ₹ 4,535 to ₹ 88,375 per kg. Earlier, silver was ₹ 92,910 per kg. On March 28, silver made ₹ 1,00,934 and on April 3, gold made all time high of ₹ 91,205.

Gold price in 4 metros and Bhopal

  • Delhi : The price of 10 grams 22 carat gold is Rs 83,000 and 10 grams 24 carat gold is priced at Rs 90,530.
  • Mumbai : The price of 10 grams 22 carat gold is Rs 82,850 and 10 grams 24 carat gold is priced at Rs 90,380.
  • Kolkata : The price of 10 grams 22 carat gold is Rs 82,850 and 24 carat 10 grams of gold is priced at Rs 90,380.
  • Chennai : The price of 10 grams 22 carat gold is Rs 82,850 and 10 grams 24 carat gold is priced at Rs 90,380.
  • Bhopal : The price of 10 grams 22 carat gold is Rs 82,900 and 10 grams 24 carat gold is priced at Rs 90,430.

Investors are booking profit in gold According to Ajay Kedia, director of Kedia Advisory, gold has given a return of about 19% so far this year, in such a situation, investors are trying to cover the losses in the stock market by booking profit in gold. Due to this, there has been a selling in gold, which can continue for a few days. This can lead to gold and down in the coming days.

However, Gold is getting support due to increasing political tension. At the same time, investment in Gold ETF is also increasing. Due to this, the demand for gold is increasing. In such a situation, gold can reach beyond 94 thousand rupees per 10 grams this year.

Keep these 3 things in mind while buying gold

1. Buy certified gold Always buy a certified gold of the Bureau of Indian Standard (BIS) hallmark. Gold has a 6 -digit hallmark code. It is called Hallmark Unique Identification Number ie Huid. This number alphanumeric means something like this- AZ4524. It is possible to find out how many carats a gold is through hallmarking.

2. Cross check the price Cross the right weight of gold and the day of purchasing the price of it with many sources (eg India Bullion and Jewelers Association’s website). The price of gold varies according to 24 carats, 22 carats and 18 carats. 24 carat gold is considered the pure gold, but its jewelery is not formed, because it is very soft.

3. Do not pay cash, take a bill It is good to make payment through UPI (such as Bhima app) and digital banking instead of cash payment while buying gold. If you want, you can also pay through debit or credit card. After this, do not forget to take the bill. If ordered online, then check the packaging.

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