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The price of gold and silver declines today i.e. on 15 September. According to the India Bullion and Jewelers Association (IBJA), gold has fallen by Rs 104 to Rs 1,09,603. At the same time, the price of 1 kg silver has also come down by Rs 245 to Rs 1,27,763.
Earlier on Friday, Gold made an all -time high of Rs 1,09,707 and silver by Rs 1,28,008.
Gold this year became ₹ 33,441 and silver ₹ 41,746 expensive
- So far this year, the price of gold has increased by Rs 33,441. On 31 December 2024, 10 grams 24 carat gold was worth Rs 76,162, which has now increased to Rs 1,09,603.
- The price of silver has also increased by Rs 41,746 during this period. On 31 December 2024, the price of one kg silver was Rs 86,017, which is now to Rs 1,27,763 per kg.
Price of 10 grams of gold in 4 metros
Delhi: 24 carat gold price ₹ 1,11,210 and 22 carat gold priced ₹ 1,01,950 Mumbai: 24 carat gold price ₹ 1,11,060 and 22 carat gold priced ₹ 1,01,800 Kolkata: 24 carat gold price ₹ 1,11,060 and 22 carat gold priced ₹ 1,01,800 Chennai: 24 carat gold price ₹ 1,11,380 and 22 carat gold priced ₹ 1,02,100
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.
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.
Gold-silver trending on Google
Gold and silver prices reached all time high. Silver has increased by Rs 3,509 to Rs 1,28,008 per kg. Gold rose by Rs 611 to Rs 1,09,708. Since then, the gold-silver rate is being searched continuously on Google. If you look at the Google trends of the last 30 days, then it is clear that the graph of searching the gold-silver rate has increased rapidly.
Source- GOOGLE TRENDS
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