Gold hits Rs 1 lakh mark for the first time, silver also soars to Rs 1.15 lakh per kg

PTC Web Desk: Gold and silver prices in India touched record highs on July 23. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold jumped by Rs 994 to reach an all-time high of Rs 1,00,502 per 10 gram. Earlier, it was priced at Rs 99,508. Silver also witnessed a sharp rise, gaining Rs 1,007 and reaching Rs 1,15,500 per kg, up from Rs 1,14,493.

Since January 1, the price of 24-carat gold has increased by Rs 24,340 — from Rs 76,162 to Rs 1,00,502 per 10 gm. Silver has risen by Rs 19,483, from Rs 86,017 to Rs 1,05,500 per kg. In comparison, gold prices rose by Rs 12,810 in the entire year of 2024.

Experts advise purchasing only BIS-certified gold. Genuine gold will carry a 6-digit alphanumeric hallmark code called the Hallmark Unique Identification Number (HUID) — such as AZ4524. This helps verify the purity of the gold, indicating whether it is 22-carat or 24-carat.