Gold and silver prices have fallen today, October 28. According to the India Bullion and Jewelers Association (IBJA), the price of gold has decreased by ₹1,913 to ₹1,19,164. Earlier, its price was ₹1,21,077 per 10 grams. Meanwhile, silver has fallen by ₹1,631 to ₹1,43,400 per kilogram. Yesterday, its price was ₹1,45,031 per kilogram. IBJA’s gold prices do not include 3% GST, making charges, and jeweler’s margin. Therefore, rates in cities differ from these. These rates are used by RBI to determine the rates for Sovereign Gold Bonds. Many banks use it to determine gold loan rates. Gold became cheaper by ₹10,420 in 8 days The price of gold has fallen by ₹10,420 in the last 8 days to ₹1,19,164 per 10 grams today. On October 19, its price had reached its all-time high of ₹1,29,584. Meanwhile, silver has fallen from ₹1,69,230 per kg to ₹1,43,400. It has become cheaper by ₹25,830. 3 reasons for the fall in gold and silver prices This year, gold rose by ₹43,002 and silver by ₹69,014 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, 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 several sources (such as the India Bullion and Jewellers Association website). The price of gold varies according to 24 carat, 22 carat, and 18 carat. Post navigation Wife supports husband’s girlfriend facing domestic violence:Indore woman says, ‘She left him seven years ago but returned after being contacted by the man’s paramour’ Burglars strike at 5 flats simultaneously in Misrod:Act caught on CCTV cameras; gold, silver jewellery along with cash stolen, police probe on
