Gold price rises to ₹1.19 lakh per 10 grams:Silver now priced at ₹1.46 lakh per kg after a ₹3,832 rise, marking a ₹43,190 increase this year

Gold and silver prices are up today, October 29. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of gold has increased by ₹1,309 to ₹1,19,352. Previously, its price was ₹1,18,043 per 10 grams. Meanwhile, silver increased by ₹3,832 to ₹1,45,728 per kilogram. On Tuesday (October 28), its price was ₹1,41,896 per kilogram. Earlier this month, on October 17, gold made an all-time high of ₹1,30,874 and silver of ₹1,71,275. However, a decline was observed thereafter. IBJA’s gold prices do not include 3% GST, making charges, and the jeweler’s margin. Therefore, rates in cities differ from these. These rates are used by the RBI to determine the rates for Sovereign Gold Bonds. Many banks use it to determine gold loan rates. This year, gold became ₹43,190 and silver ₹​​​​​​​59,711 more expensive Keep these 2 things in mind when buying gold 1. Buy only certified gold: Always buy certified gold with the Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric, for example – 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 various sources (such as the India Bullion and Jewellers Association website). The price of gold varies according to 24 carat, 22 carat, and 18 carat. ​