New Delhi20 minutes ago
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Gold and silver prices have reached all time high on 8 September. According to the India Bullion and Jewelers Association (IBJA), gold has increased by Rs 974 to Rs 1,07,312 per 10 grams today. Earlier, gold was at Rs 1,06,338. At the same time, silver has increased by Rs 198 to Rs 1,23,368 per kg. Earlier, its price was Rs 1,23,170.
Price of 10 grams of gold in 4 metros including Bhopal
- Delhi: 24 carat gold price ₹ 1,08,530 and 22 carat gold priced ₹ 99,500
- Mumbai: 24 carat gold price ₹ 1,08,380 and 22 carat gold priced ₹ 99,350
- Kolkata: 24 carat gold price ₹ 1,08,380 and 22 carat gold priced ₹ 98,660
- Chennai: 24 carat gold price ₹ 1,08,770 and 22 carat gold priced ₹ 99,700
- Bhopal: 24 carat gold price ₹ 1,08,410 and 22 carat gold priced ₹ 99,400
Gold this year became ₹ 31,000 and silver ₹ 37,000 expensive
- So far this year, the price of gold has increased by Rs 31,150 (40%). On 31 December 2024, 10 grams 24 carat gold was Rs 76,162, which has now increased to Rs 1,07,312.
- The price of silver has also increased by Rs 37,351 (43%) during this period. On 31 December 2024, the price of one kg silver was Rs 86,017, which has now increased to Rs 1,23,368 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 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 the dollar: Gold is getting expensive due to the fall in the rupee against the dollar.
Gold can go up to ₹ 1 lakh 8 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 8 thousand rupees per 10 grams this year. At the same time, silver can go up to 1 lakh 30 thousand rupees this year.
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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