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Gold reached its all -time high on 29 January today. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams 24 carat gold has increased by Rs 506 to Rs 80,819. Earlier on Tuesday, its price was Rs 80,313 per ten grams. Gold made an all -time high of 80,430 per 10 grams on 24 January.
At the same time, the price of silver is also an increase today. It has increased by Rs 678 to Rs 90,428 per kg. Earlier, silver was at Rs 89,750. On October 23, 2024, silver made his all -time high, when it reached Rs 99,151 per kg.
Gold became expensive ₹ 4,657 so far this year On December 31, the price of 10 grams 24 carat gold was Rs 76,162. It has increased by Rs 4,657 in the last 29 days. At the same time, on December 31, the price of 1 kg silver was Rs 86,017. During this time it has also increased by Rs 4,411.
Gold price in 4 metros and Bhopal
- Delhi : The price of 10 grams 22 carat gold is Rs 76,100 and 10 grams 24 carat gold is Rs 83,000.
- Mumbai: The price of 10 grams 22 carat gold is Rs 75,950 and 10 grams 24 carat gold is priced at Rs 82,850.
- Kolkata : The price of 10 grams 22 carat gold is Rs 75,950 and 24 carat 10 grams of gold is priced at Rs 82,850.
- Chennai : The price of 10 grams 22 carat gold is Rs 75,950 and 10 grams 24 carat gold is priced at Rs 82,850.
- Bhopal : The price of 10 grams 22 carat gold is Rs 76,000 and 10 grams 24 carat gold is Rs 82,900.
5 major reasons for gold boom
- Geological tension has increased with Trump becoming the US President.
- The US has recently cut interest rates, can further cut.
- Gold is becoming expensive due to the weakening of the rupee against the dollar.
- The price of gold is also getting support due to increasing inflation.
- People are increasing investment in gold ETF due to increasing stock market fluctuations.
Gold gave 20% return in 2024 and Silver gave 17% returns Gold prices rose 20.22% last year. At the same time, the price of silver increased by 17.19%. Gold was at Rs 63,352 per 10 grams on 1 January 2024, which reached Rs 76,162 per 10 grams on 31 December 2024. During this time, the price of one kg of silver increased from Rs 73,395 per kg to Rs 86,017 per kg.
Gold can go up to 85 thousand rupees by June Ajay Kedia, director of Kedia Advisory, says that gold was to fall after a big rally, it has come. After the US, UK has cut interest rates. This will increase the purchase of gold ETF. In such a situation, gold can reach 85 thousand rupees per 10 grams by June 30 this year.
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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