Tomorrow is the holy Akshaya Tritiya. If you are planning to buy gold on Akshaya Tritiya, it is important to learn how to check its purity, starting from the latest price, before buying. Gold buying is deeply rooted in Indian tradition, and buying gold on Akshaya Tritiya holds a special significance and is considered auspicious. Gold and silver prices have seen a surge ahead of this special festival. Silver prices have risen by over Rs 14,000 on MCX. Gold prices have also risen. The price of precious metals has also increased in the domestic market. The good news is that despite the recent increase, precious metals are available much cheaper than their peak prices.
First, know the gold price- Buying gold on Akshaya Tritiya is considered auspicious. There is a rush to buy silver in gold shops or futures trading. Although trading on MCX remains closed on Sundays, if you are planning to buy gold jewellery in the domestic market, it is important to check the updated rates on the Indian Bullion Jewellers Association’s website, IBjA.COM.
24 carat gold – Rs 1,51,660 per 10 grams
22 carat gold – Rs 1,48,020 per 10 grams
20 carat gold – Rs 1,34,970 per 10 grams
18 carat gold – Rs 1,22,840 per 10 grams
14 carat gold – Rs 97,820 per 10 grams
It is important to note that these rates updated by IBJA are the same in the domestic market. However, when you go to buy jewellery, you will have to pay a making charge along with the applicable GST (Gold GST), which may vary from state to state and city. These additions increase the price of gold.
How to know if gold is pure or fake: Buying gold reaches its peak during Akshaya Vishnu, and gold shops are crowded. Although gold is available at very low prices, it is important to check its purity before buying. You can follow certain steps to do this. Buy only certified gold with the Bureau of Indian Standards (BIS) hallmark. The government has made it mandatory. Hallmark is a measure of the purity of gold. Under it, the Bureau of Indian Standards (BIS) marks each gold ornament and guarantees its purity.
.When buying jewelry, check the purity code, testing center mark, jewelry mark and the date of marking. The jewelry will also have a visible identification mark in the form of a jewelry code, which identifies the place where the jewelry was made.
.You can also check the purity of your gold through the BIS Care app. This app uses the Verify HUID feature. By entering a six-digit code, complete information from the jeweler’s registration to purity is instantly available.
When is the right time to buy gold? Gold is trading above Rs 1.5 lakh per 10 grams. So in Akshaya Tritiya, people are wondering whether to buy gold now or not. What strategy should be adopted to profit. According to experts, gold has a strong long-term fundamental, so it is beneficial to buy gold in small quantities during a recession.
