Gold Rate: Gold reached its all-time high today i.e. on February 3. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by Rs 618 to Rs 82,704. Earlier gold was at Rs 82,086. On January 31, gold had made an all-time high of Rs 82,165 per ten grams.
Silver prices fell today. It has become cheaper by Rs 220 and has come down to Rs 93,313 per kg. Earlier silver was Rs 93,533 per kg. Silver made its all-time high on October 23, 2024, when it reached Rs 99,151 per kg.
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Gold Rate in 4 metros and Bhopal
- Delhi: The price of 10 grams of 22 carat gold is Rs 77,200 and the price of 10 grams of 24 carat gold is Rs 84,200.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 77,050 and the price of 10 grams of 24 carat gold is Rs 84,050.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 77,050 and the price of 10 grams of 24 carat gold is Rs 84,050.
- Chennai: The price of 10 grams of 22 carat gold is Rs 77,050 and the price of 10 grams of 24 carat gold is Rs 84,050.
- Bhopal: The price of 10 grams of 22 carat gold is Rs 77,100 and the price of 10 grams of 24 carat gold is Rs 84,100.
Gold Rate: 5 main reasons for the rise in gold
.Geopolitical tensions have increased due to Trump becoming the President of America.
.America has recently cut interest rates, it may cut them further also.
.Gold is becoming expensive due to the weakening of the rupee against the dollar.
.The price of gold is also getting support from rising inflation.
.Due to increasing volatility in the stock market, people are increasing investment in Gold ETF.
In 2024, gold gave a return of 20% and silver 17%. Last year, the price of gold increased by 20.22%. At the same time, the price of silver increased by 17.19%. On January 1, 2024, gold was at Rs 63,352 per 10 grams, which reached Rs 76,162 per 10 grams on December 31, 2024. During this period, the price of one kg of silver increased from Rs 73,395 per kg to Rs 86,017 per kg.
Gold price in 4 metros and Bhopal
Delhi: The price of 10 grams of 22 carat gold is Rs 77,200 and the price of 10 grams of 24 carat gold is Rs 84,200.
Mumbai: The price of 10 grams of 22 carat gold is Rs 77,050 and the price of 10 grams of 24 carat gold is Rs 84,050.
Kolkata: The price of 10 grams of 22 carat gold is Rs 77,050 and the price of 10 grams of 24 carat gold is Rs 84,050.
Chennai: The price of 10 grams of 22 carat gold is Rs 77,050 and the price of 10 grams of 24 carat gold is Rs 84,050.
Bhopal: The price of 10 grams of 22 carat gold is Rs 77,100 and the price of 10 grams of 24 carat gold is Rs 84,100.
5 major reasons for the rise in gold
.Geopolitical tensions have increased due to Trump becoming the President of America.
.The US has recently cut interest rates, it may cut them further too.
.Gold is becoming expensive due to the weakening of the rupee against the dollar.
.Increasing inflation is also supporting the price of gold.
.Due to increasing volatility in the stock market, people are increasing investment in Gold ETF.
Gold gave a return of 20% and silver 17% in 2024. Last year, the price of gold increased by 20.22%. At the same time, the price of silver increased by 17.19%. On January 1, 2024, gold was at Rs 63,352 per 10 grams, which reached Rs 76,162 per 10 grams on December 31, 2024. During this period, the price of one kg of silver increased from Rs 73,395 per kg to Rs 86,017 per kg.
Gold can reach up to 85 thousand rupees by June
Ajay Kedia, director of Kedia Advisory, says that after a big rally, gold was expected to fall, and that has already happened. After America, UK has cut interest rates. This will increase the purchase of gold ETF. In such a situation, gold can reach up to 85 thousand rupees per 10 grams by 30 June this year.
Buy certified gold Always buy certified gold with the hallmark of Bureau of Indian Standards (BIS). There is a 6-digit hallmark code on gold. This is called Hallmark Unique Identification Number i.e. HUID. This number is alphanumeric i.e. something like this- AZ4524. Through hallmarking, it is possible to find out how many carats a gold is.
