Gold Rate Today 22 and 24 carat gold holdings drop, things to know while buying

Gold Rate Today

Gold Rate Today: 22 carat and 24 carat gold reserves in the state (Gold Rate Today) were increased yesterday; Today (Friday) saw a decrease. 22 carat and 24 carat gold prices (gold price today) have increased by ₹45 and ₹49 respectively.

Today you can buy one gram of 22 carat gold in Bangalore for ₹6,415. Eight grams cost ₹51,320. 22 carat gold of 10 grams and 100 grams can be bought at ₹64,150 and ₹6,41,500 respectively. One gram of 24 carat gold costs ₹6,998, while eight grams costs ₹55,984. Buying 10 grams and 100 grams of 24 carat gold will cost ₹69,980 and ₹6,99,800 respectively.

Silver rate today is ₹81.50 per gram, ₹652 for 8 grams and ₹815 for 10 grams. Consumers have to pay ₹8,150 for 100 grams and ₹81,500 for 1 kilogram. The rates given here are exclusive of GST, TCS and other levies.

What to know when buying gold jewelry for the first time?

Before you start spending money on gold, it is better to have knowledge about it. Here are the things you should check before buying a precious commodity like gold and an investment-related commodity.

1) The first is purity. The most commonly sold jewelry in Bangalore is 22 carat gold jewelry. First note what is the current gold price in Bangalore on that day. Gold prices in Bangalore are changing daily. It is best to rely on a website that provides accurate information.

2) It is very important to check the BIS hallmark on the jewelry you buy. One should ensure that the BIS hallmark is obtained while buying gold jewelry. The Government of India thereby certifies that the gold is as pure as the carats stated on it.

3) There is a making charge and a wastage charge for gold jewelry. It is charged by every jeweler. It is better to check with the jeweler about this. Note that the making or wastage charges are the same for all jewelry. Please confirm how much is charged.

4) It is better to ensure the authenticity of the jewelry as you are dealing with expensive transactions. Because what you are buying is something that will last for a long time, which can be considered as an investment. Before buying gold anywhere, you should pay attention to the quality. A few decades ago, it was easy to get scammed while buying gold. But today most gold is a hallmark. Reputable shops are more aware of this.

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