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Gold prices have reached their all -time high on 3 September today. According to the India Bullion and Jewelers Association (IBJA), gold has increased by Rs 1,214 to Rs 1,05,638 per 10 grams today. Earlier, gold was at Rs 1,04,424.
At the same time, silver has increased by Rs 137 to Rs 1,22,970 per kg. Earlier, its price was Rs 1,22,833. On August 1, silver made an all -time high of Rs 1,23,250.
Price of 10 grams of gold in 4 metros including Bhopal
- Delhi: 24 carat gold price ₹ 1,07,120 and 22 carat gold priced ₹ 98,200
- Mumbai: 24 carat gold price ₹ 1,06,970 and 22 carat gold priced ₹ 98,050
- Kolkata: 24 carat gold price ₹ 1,06,970 and 22 carat gold priced ₹ 98,050
- Chennai: 24 carat gold priced ₹ 1,06,970 and 22 carat gold price ₹ 98,050
- Bhopal: 24 carat gold price ₹ 1,07,020 and 22 carat gold priced ₹ 98,100
Gold became ₹ 29,476 expensive so far this year This year i.e. since January 1, the price of 10 grams 24 carat gold has increased from Rs 76,162 to Rs 29,476 to Rs 1,05,638. At the same time, silver price has also increased from Rs 86,017 per kg to Rs 36,816 to Rs 1,22,833. At the same time, gold became expensive by Rs 12,810 in 2024 last year.
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.
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.
Buy certified gold Always buy a certified gold of the Bureau of Indian Standard (BIS) hallmark. Gold has a 6 -digit hallmark code. It is called Hallmark Unique Identification Number ie Huid. This number alphanumeric means something like this- AZ4524. It is possible to find out how many carats a gold is through hallmarking.
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