New Delhi18 minutes ago
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Gold and silver prices have reached all time high today i.e. on 9 September. According to the India Bullion and Jewelers Association (IBJA), gold rose by Rs 1,106 to Rs 1,09,143 per 10 grams. Earlier, gold was at Rs 1,08,037. At the same time, silver has increased by Rs 276 to Rs 1,24,689 per kg. Earlier, its price was Rs 1,24,413.
At the same time, gold has become expensive by Rs 6,755 in this month i.e. September itself. It was at Rs 1,02,388 on 31 August. At the same time, the price of silver has increased by Rs 7,117 during this period. It was at Rs 1,17,572 on 31 August.
Price of 10 grams of gold in 4 metros including Bhopal
- Delhi: 24 carat gold price ₹ 1,10,440 and 22 carat gold priced ₹ 1,01,250
- Mumbai: 24 carat gold price ₹ 1,10,290 and 22 carat gold priced ₹ 1,01,100
- Kolkata: 24 carat gold price ₹ 1,10,290 and 22 carat gold price ₹ 1,01,100
- Chennai: 24 carat gold price ₹ 1,10,730 and 22 carat gold price ₹ 1,01,500
- Bhopal: 24 carat gold price ₹ 1,10,340 and 22 carat gold price ₹ 1,01,150
Gold this year became ₹ 33,000 and silver ₹ 39,000 expensive
- So far this year, the price of gold has increased by Rs 32,981 (40%). On 31 December 2024, 10 grams 24 carat gold was worth Rs 76,162, which has now increased to Rs 1,09,143.
- The price of silver has also increased by Rs 38,672 (43%) during this period. On 31 December 2024, the price of one kg silver was Rs 86,017, which has now increased to Rs 1,24,689 per kg.
5 reasons for the rise in gold prices
- Global uncertainty: Investors are buying gold as safe for Trump’s tariff plan and business war.
- Purchase of central banks: Countries like China and Russia are buying large amounts of gold, which has increased demand.
- War and Tension: People are increasing investment in gold due to instability due to Russia-Ukraine not ending the war.
- Inflation and low interest rates: Gold has become attractive due to fear of inflation and low interest rates of Federal Reserve.
- Rupee fall against dollar: Gold is also becoming expensive due to the fall in the rupee against the dollar.
Gold can go up to ₹ 1 lakh 10 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 10 thousand rupees per 10 grams this year. At the same time, silver can go up to 1 lakh 35 thousand rupees this year.
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