New Delhi4 days ago
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Before Dhanteras and Diwali, there is a fall in the prices of gold and silver. In the bullion market today, that is, on Wednesday, there has been a fall in the price of gold. According to the website of India Bullion and Jewelers Association (IBJA), gold has come down by Rs 227 to Rs 50,135 in the bullion market on October 19.
gold price by carat
|carat||Price (Rs./10 gram)|
fall in silver
If we talk about silver, then it has also seen a decline today. In the bullion market, it has become cheaper by Rs 245 to Rs 55,765 per kg. However, in the past, there was a great rise in its price.
Keep these five things in mind before buying gold
Buying gold on Dhanteras and Diwali is considered auspicious. Many people also make a formal start of investing by buying gold on this day. If you are also planning to buy or invest in gold on Dhanteras or Diwali, then keep these 5 things in mind.
1. Buy Certified Gold Only
Always buy certified gold with the hallmark of Bureau of Indian Standards (BIS). Also check the purity code, testing center mark, jeweler’s mark and marking date.
2. Cross Check Price
Cross check the exact gold weight and price on the day of purchase from multiple sources (like the India Bullion and Jewelers Association website). The price of gold varies according to 24 carat, 22 carat and 18 carat.
3. Don’t Pay Cash, Take Bills
Cash payment can prove to be a big mistake while buying gold. It is good to pay through UPI (like BHIM app) and digital banking. If you want, you can also pay through debit or credit card. Don’t forget to collect the bill after that. If ordering online, be sure to check the packaging.
4. Buy from a trusted jeweler
The best way to avoid being cheated is to always buy gold from a trusted jeweller. Such jewelers properly comply with the statutory requirement like tax. They worry about falling brand value if they make a mistake.
5. Know the Reselling Policy
Many people view gold as an investment. In such a situation, it is important that you have complete information about the resale value of gold. Also, discuss the buyback policy of the concerned jeweler with the store employees.