Today, the festival of Dhanteras is celebrated across the country and preparations are complete in the markets. There is a lot of gold buying on Dhanteras, which is celebrated just before the festival of lights, Diwali. There is a sharp increase in the demand for gold and an increase in its price is also observed. Talking about today, gold prices are sky high and at that time, if you are planning to buy gold on Dhanteras, definitely know the special tips to identify the right gold. Let us know the ways to identify real gold…
What is the rate of 10 grams of 24 karat gold?
Buying gold on Dhanteras is considered auspicious. Gold is considered to be the form of the goddess Lakshmi and this yellow metal is said to be her symbol. Goddess Lakshmi, the goddess of wealth, and Kuberji, the god of wealth, are worshiped on Dhanteras and it is believed that buying gold on this day will bring prosperity to your home throughout the year. Currently, buying gold is one of the most expensive transactions. Talking about the price, the price of gold (Gold Rate) on MCX is Rs 78,536 per 10 grams, while in the domestic market, according to the IBJA website, the price of gold (24 karat 10 grams of gold) is at Rs 78,250.
Gold rate of other qualities (according to IBJA)
22 carats Rs 76,370/10 grams
20 carats Rs 69,640/10 grams
18 carats Rs 63,380/10 grams
14 carats Rs 50,470/10 grams
It is to be noted that these gold rates listed on the Bullion Jewelers Association of India website are separate from the 3 per cent GST and realization charge. By adding them, your price may increase. Now, the special thing is that if you are planning to buy gold on Dhanteras, it is very important to identify whether the gold jewelery is real or fake in the store. Many cases of selling fake gold have also come to light and in such a situation, it becomes necessary to check it while purchasing with your hard-earned money.
Using the BIS Care app
To identify the purity of gold and whether it is real or fake, the first thing you should take into account is whether the gold jewelry you are buying has a Hallmark or not. Yes, this distinctive sign is proof of the purity of that gold. You can know all the details, including the quality of the jewelry you are purchasing, through the BIS Care app. To do this, after downloading this application on your phone and opening it, you will have to enter the 6-digit stamp number present on the jewelery and all the information will be available to you instantly.
The magnet can also be used to identify real or fake objects.
We have talked about identifying gold through digital means, now let’s look at an ancient method, where you can use a magnet to confirm the purity of the gold you are buying. Its principle is very simple, in reality all you have to do is put the gold you are buying in contact with a magnet. If the gold sticks to the magnet, then it is not real, while if the gold does not stick to the magnet when applied to it, then the gold is real.
It can also be easily identified through vinegar.
Now coming to the third method of identifying gold, you can easily identify its purity with the help of vinegar used in cooking. To do this, put a few drops of vinegar on the gold jewelry that you are buying and observe it carefully for just a few minutes, if you see any change in the color of the gold jewelry that you are holding, then assume that the gold is not real . Whereas if the color of the gold does not change, then in this case your gold is real.
This is how to identify purity.
Let us tell you here that in most cases only 22 carats are used for making jewelry. Some people also use 18 karat gold. Hall marking is done on the jewelry according to the carat. 999 is written on 24-carat gold jewellery, while 958 is written on 23-carat gold jewellery, 916 on 22-carat gold jewellery, 875 on 21-carat gold jewelery and 750 on 18-carat gold jewellery.
