This week saw a decline in gold and silver prices. Gold fell by ₹1,216 during the week to ₹1,50,263 per 10 grams. Earlier, it was at ₹1,51,479 on April 25 last week. Meanwhile, silver has dropped from ₹2,43,720 per kg to ₹2,40,331. This means its price decreased by ₹3,389. Gold became ₹27,000 cheaper from all-time high Gold was bullish at the beginning of the year, but in recent weeks there has been a decline due to profit-booking and the Iran war. Crash in Silver: From ₹3.86 lakh to ₹2.37 lakh Silver witnessed more volatility compared to gold and has come down rapidly from its all time high. Keep these 2 things in mind when buying gold from jewelers 1. Buy Only Certified Gold: Always buy certified gold with the Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric, something like this – AZ4524. Hallmarking indicates how many carats the gold is. 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 Jewellers Association website). The price of gold varies according to 24 carat, 22 carat and 18 carat. 4 ways to identify real silver Post navigation Paying more tax than necessary?:How to choose the right tax regime and avoid 7 common mistakes to save more
