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- Gold Price Record High; What is gold and silver rate per gram in mumbai delhi. Indore Jaipur
New Delhi2 hours ago
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Gold made a new record on Wednesday, ie 5 April. The price of 10 grams of gold increased to 61 thousand rupees. This is the all time high so far. According to the website of the India Bullion and Jewelers Association (IBJA), gold has become costlier by Rs 1,262 to reach Rs 60,977 in the bullion market today. Earlier on March 31, gold made its all-time high, when it reached Rs 59,751 per 10 grams.
Apart from this, silver has also crossed 74 thousand. According to IBJA, today silver became costlier by Rs 2,822 in the bullion market and reached Rs 74,522. This is its 31-month high level.
Gold can go up to 65 thousand
According to Ajay Kedia, director of Kedia Advisory, the gold super cycle that started in 2020 is still going on. Gold was estimated to reach 62,000 this year, but in the current circumstances it can reach 64,000.
Anuj Gupta, Vice President, IIFL Securities, says that gold is getting support due to the ongoing ups and downs in the stock market. Due to this, by the end of this year, gold can go up to 65 thousand rupees per 10 grams.
limited investment in gold beneficial
Anuj Gupta, vice-president (commodity and currency), IIFL Securities, says that even if you like investing in gold, you should still invest in it limitedly. According to experts, only 10 to 15% of the total portfolio should be invested in gold. Investing in gold can provide stability to your portfolio during times of crisis, but it can reduce your portfolio returns in the long run. It would be right to invest in gold for at least 3 to 5 years.
Now only hallmarked gold will be sold
From April 1, new rules regarding gold have come into force. Under the new rule, gold will not be sold without a six-digit alphanumeric hallmarking. Just like the Aadhaar card has a 12 digit code, similarly gold will have a 6 digit hallmark code. This is called Hallmark Unique Identification Number ie HUID.
This number can be alphanumeric i.e. something like this- AZ4524. Through this number it will be possible to find out how many carats a gold is. 940 centers have been set up to give trade mark on gold across the country. Now the four digit hallmarking will be completely stopped. Click here to read full news