Gold price rises to ₹1.21 lakh per 10 grams today:So far this year, gold prices have risen by ₹44,653, while silver has gained ₹63,125

Gold and silver prices are up today, Friday, October 31. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of gold has increased by ₹1,196 to ₹1,20,815. Yesterday, Thursday, the price of gold was ₹1,19,619 per 10 grams. This month, on October 17, gold had made an all-time high of ₹1,30,874. Since then, its price has fallen by ₹10,059. Meanwhile, silver has increased by ₹2,359 to ₹1,49,142 per kilogram. On October 30, its price was ₹1,46,783 per kilogram. This month, silver had reached an all-time high of ₹1,78,100. Since then, its price has decreased by ₹28,958. IBJA gold prices do not include 3% GST, making charges, and jeweler’s margin, which is why city rates are different from these. These rates are used by RBI to determine the rates of Sovereign Gold Bonds. Many banks use it to determine gold loan rates. This year, gold became ₹44,653 and silver became ₹63,125 more expensive Keep these 2 things in mind when buying gold 1. Buy only certified gold: Always buy certified gold with a Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric, something like this – AZ4524. Hallmarking indicates the caratage of the gold. 2. Cross-check the price: Cross-check the correct weight of the 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.