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Gold and silver prices are on new high today i.e. Friday, 5 September. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams 24 carat gold has increased by Rs 501 to Rs 1,06,446 today.
Yesterday the price was at Rs 1,05,945 per 10 grams. At the same time, the price of silver rose by Rs 374 to a new high of Rs 1,23,581 today. Yesterday one kilo of silver was being sold for Rs 1,23,207.
Gold this year became ₹ 30,000 and silver ₹ 37,000 expensive
- So far this year, the price of gold has increased by Rs 30,284 (40%). On 31 December 2024, 10 grams 24 carat gold was worth Rs 76,162, which has now increased to Rs 1,06,446.
- The price of silver has also increased by Rs 37,190 (43%) during this period. On 31 December 2024, the price of one kg silver was Rs 86,017, which has now increased to Rs 1,23,207 per kg.
Silver price can go up to ₹ 1.46 lakh this year
According to market expert Kedia Commodity, one kg of silver can reach Rs 1.30 lakh by the end of 2025. Moneycontrol estimates that silver may increase by 34%, which can lead to the price ₹ 1,46,000 per kg.
This estimate is based on the normal level (60: 1) of the gold-silver ratio. At the same time, the report of Citigroup states that the price of silver can be equal to ₹ 1,20,000 to ₹ 1,30,000 per kg.
Gold can go up to ₹ 1 lakh 4 thousand this year
Ajay Kedia, director of Kedia Advisory, says that Jio remains political tension due to America’s tariff. Due to this, gold is getting support and its demand is also increasing.
In such a situation, gold can go up to 1 lakh 4 thousand rupees per 10 grams this year. At the same time, silver can go up to 1 lakh 30 thousand rupees this year.
Gold and silver price in 4 metros of the country
- Delhi: 24 carat gold price ₹ 1,07,770 and 22 carat gold priced ₹ 98,800
- Mumbai: 24 carat gold price ₹ 1,07,620 and 22 carat gold priced ₹ 98,650
- Kolkata: 24 carat gold price ₹ 1,07,620 and 22 carat gold priced ₹ 98,650
- Chennai: 24 carat gold price ₹ 1,07,620 and 22 carat gold priced ₹ 98,650
Keep these 2 things in mind while buying gold
1. Buy certified gold only: Always buy a certified gold of the Bureau of Indian Standard (BIS) hallmark. Under the new rule, gold will not be sold from April 1 without six digit alphanumeric hallmarking. Just as there is a 12 -digit code on the Aadhaar card, in the same way there will be a 6 -digit hallmark code on gold. It is called Hallmark Unique Identification Number ie Huid.
This number can be alphanumeric means something like this- AZ4524. It has become possible to find out through hallmarking how many carats a gold is.
2. Cross check the price: Cross the right weight of gold and the day of purchasing the price of it with many sources (eg India Bullion and Jewelers Association’s website). The price of gold varies according to 24 carats, 22 carats and 18 carats.
24 carat gold is considered the pure gold, but its jewelery is not formed, because it is very soft. Usually 22 carat or less carat gold is used for jewelery.
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