Gold rises by Rs 320.0 in Dehradun, silver up by Rs 340.0

On May 26, the price of gold rose in the Dehradun Sarafa market. Gold rose from Rs 320.0 to Rs 50,040.0 per 10 grams. On May 25, the price had closed at Rs 49,720.0. Silver climbed by Rs 340.0 to Rs 73,870.0 per kg. The previous closing price was Rs 73,530.0 per kg. Keep an eye on Hallmark when buying jewelry. Hallmarking guarantees that the gold sold by the shopkeeper to the customer is of the same carat, which is written on the jewelry. Hallmarking is done in compliance with the Bureau of Indian Standards Act.

Hallmarking is the precise determination and official record of the proportional content of that metal in precious metal materials. Hallmarking protects buyers by helping them identify real-counterfeit gold. There is a constant fluctuation in the price of silver and gold. Apart from jewelry, people buy gold and silver from the investment point of view. The price of gold and silver appreciates when demand increases.

India imports most of its gold from overseas. Hence, world affairs and fluctuations in rupee prices against the dollar impact silver and gold prices. India ranks first in gold import worldwide. It sources large quantities of gold from abroad to meet the demand of the domestic jewelry industry. Around 800-900 tonnes of gold āare imported annually in India.