Silver fell by ₹ 12 thousand to ₹ 2.36 lakh kg: Gold became cheaper by ₹ 1,232 to ₹ 1.35 lakh, fall due to profit booking

There is a fall in the prices of gold and silver today i.e. on 8th January. According to India Bullion and Jewelers Association (IBJA), the price of 24 carat 10 gram gold has fallen by Rs 1,232 to Rs 1,35,443. Earlier it was at Rs 1,36,675.

At the same time, the price of 1 kg silver has come down by Rs 1,22,25 to Rs 2,35,775. Earlier yesterday it was at Rs 2,48,000, which is also its all-time high.

Investors booking profits in gold and silver Ajay Kedia, Director of Kedia Advisory, says that silver rates had reached all time high yesterday, hence many investors are booking profits. Due to this, there has been a sharp decline in the price of silver today. Investors are also booking profits in gold.

However, this decline will not last long. In the coming days, we may see a rise in the prices of gold and silver again. Silver can go up to Rs 2.75 lakh this year. Talking about gold, its demand also remained strong. In such a situation, by the end of this year it can cross Rs 1.50 lakh per 10 grams.

Gold will become costlier by 75% and silver by 167% in 2025

• Last year i.e. in 2025, the price of gold has increased by Rs 57,033 (75%). On December 31, 2024, 10 grams of 24 carat gold was worth Rs 76,162, which will become Rs 1,33,195 on December 31, 2025.
• The price of silver also increased by Rs 1,44,403 (167%) during this period. On December 31, 2024, the price of one kg silver was Rs 86,017, which became Rs 2,30,420 per kg on the last day of this year.

You can invest in gold and silver through ETF

If you want to invest in gold or silver with a small amount tomorrow, then you can invest in it through Gold or Silver Exchange-Traded Funds (ETF). Exchange traded funds are based on the rising and falling prices of gold.

Buying and selling of gold or silver ETFs can be done on BSE and NSE like shares. However, you do not get gold and silver in this. Whenever you want to get out of it, you will get money equal to the price of gold and silver at that time.

Benefits of investing through ETFs

• No storage problem: It remains in the demat account in digital form.
• Less expenses: No GST or making charges, just low expense ratio.
• Buying and selling with ease: Real-time trading on stock exchanges.
• Pure Exposure: Gold ETF tracks 99.5% pure gold, silver also high purity.
• Diversification: Stability in portfolio, protection from inflation.
• SIP: Can start with small amount.

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