Achi news desk-
- Hindi News
- business
- Gold Price Today (21 March); What is the price of gold and silver today? Business News
New Delhi4 days ago
- copy link
Gold has reached a coal time peak today ie Thursday (21 March). According to India Bullion and Jewelers Association, 10 grams of gold has increased by Rs 1,279 to reach Rs 66,968. Earlier yesterday ie on March 20 itself, gold had made a record high of Rs 65,646 per 10 grams.
At the same time, today there is also a great increase in money. It has become more expensive by Rs 1,562 and has reached Rs 75,448 per kg. Earlier yesterday, the price of silver was Rs 73,886. Silver had made a record high of Rs 77,073 last year ie on December 4 in 2023.
5 main reasons for the rise in gold:
- Fear of a global recession in 2024
- The demand for gold increased due to the wedding season
- Central banks around the world are buying gold
- Support for gold due to rising inflation worldwide
- Investment in gold increases due to buying ETF.
Gold has become more expensive by more than Rs 4 thousand so far in March
So far in March, there has been a massive increase in gold and silver prices. At the beginning of the month ie on March 1, gold was Rs 62,592 per 10 grams, which reached Rs 66,968 on March 20. That means, within 20 days its price has become more expensive by Rs 4,376 per 10 grams . At the same time, silver also increased from Rs 69,977 per kg to Rs 75,448.
Good growth in gold this year
| date | Price in rupees per 10 grams |
| 1 January | 63,302 |
| 1 February | 62,775 |
| March 1 | 62,592 |
| March 21 | 66,968 |
Gold became more expensive by more than Rs 8 thousand in 2023
At the beginning of the year 2023, gold was at Rs 54,867 per gram, which reached Rs 63,246 per gram on December 31. That means in the year 2023, its price increased by Rs 8,379 (16%). At the same time, silver also increased from Rs 68,092 to Rs 73,395 per kg.
Gold can go up to Rs 70 thousand
According to market experts, the rise in gold prices may continue in the coming days. Because of this, by the end of this year, gold can go up to Rs 70 thousand per 10 grams. At the same time, silver can also reach Rs 75 thousand per kg.
Keep these 4 things in mind when buying gold
1. Buy only certified gold
Always buy certified gold with the Bureau of Indian Standards (BIS) hallmark. Under the new rule, gold will not be sold without six-digit alphanumeric hallmarks from April 1. Just as the Aadhaar card has a 12-digit code, similarly gold will have a 6-digit hallmark code. This is called a Hallmark Unique Identification Number ie HUID.
This number can be alphanumeric ie something like this – AZ4524. Through authentication, it has become possible to discover several carats of gold.
2. Cross check the price
Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (such as the India Bullion and Jewelers Association website). The price of gold varies according to 24 carat, 22 carat and 18 carat.
24 carat gold is considered the purest gold, but it is not made into jewelery because it is very soft. Generally, 22 carat or less gold is used for jewellery.
Check the price by carat like this: Suppose the price of 24 carat gold is Rs 60 thousand per 10 grams. That means the price of one gram of gold was Rs 6000. In such a situation, the price of 1 gram of gold of 1 carat purity was 6000/24 and 250 rupees.
Now suppose your jewelery is made of pure 18 carat gold, then its price is 18×250 ie Rs 4,500 per gram. Now the exact price of gold can be calculated by multiplying the number of grams of your jewelery by Rs 4,500.
3. Don’t pay cash, take a bill
Paying cash when buying gold can be a big mistake. It is better to make payment through UPI (like BHIM app) and digital banking. If you wish, you can also make a payment by debit or credit card. After this, don’t forget to take the bill. If you are ordering online, definitely check the package.
4. Know the resale policy
Many people see gold as an investment. In such a situation, it is important that you have complete information about the resale value of gold. Also, discuss with the store’s employees the buy-back policy of the jeweler in question.
