Gold Price Today (16 December); What is the price of gold and silver today? Business News | Slight fall in gold and silver today: Gold fell by Rs 14 to Rs 76908, silver was being sold at Rs 89515 per kg.

There was a slight decline in the prices of gold and silver today i.e. on 16th December. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has fallen by Rs 14 to Rs 76,908. Earlier the price of gold was Rs 76,922 per ten grams.

The price of silver also fell by Rs 461 today to Rs 89,515. Yesterday silver was Rs 89,976 per kg. At the same time, on October 23, silver had made an all-time high of Rs 99,151 and on October 30, gold had made an all-time high of Rs 79,681.

Gold price in 4 metros and Bhopal

Keep these 3 things in mind while buying gold

1. Buy only certified gold Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). There is a 6 digit hallmark code on gold. This is called Hallmark Unique Identification Number i.e. HUID. This number is alphanumeric i.e. something like this – AZ4524. Through hallmarking it is possible to find out how many carats of gold is.

2. Cross check the price Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (like the website of India Bullion and Jewelers Association). The price of gold varies according to 24 carat, 22 carat and 18 carat. 24 carat gold is considered the purest gold, but jewelery is not made from it because it is very soft.

3. Do not pay cash, take bill While buying gold, it is better to make payment through UPI (like BHIM app) and digital banking instead of cash payment. If you want, you can also make payment through debit or credit card. After this don’t forget to take the bill. If you have ordered online then definitely check the packaging.