A day before the presentation of the general budget, i.e. (31 January), gold reached its all-time high. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by 862 to Rs 82,165. On Thursday, the rate of 10 grams (one tola) of gold was Rs 81,303.
At the same time, the price of silver also increased today. It has increased by Rs 993 to Rs 93,177 per kg. Earlier, the price of silver was Rs 92,184 per kg. Silver made its all-time high on 23 October 2024. Then it had reached Rs 99,151 per kg.
Gold has become costlier by ₹ 6,003 so far this year. On December 31, the rate of 10 grams of 24 carat gold was Rs 76,162. In the last 31 days, it has increased by Rs 6,003. On the other hand, the price of 1 kg silver on 31 December was Rs 86,017. During this period, it has also increased by Rs 7,160.
Gold price in 4 metros and Bhopal
Delhi: The price of 10 grams of 22 carat gold is Rs 77,450 and the price of 10 grams of 24 carat gold is Rs 84,480.
Mumbai: The price of 10 grams of 22 carat gold is Rs 77,300 and the price of 10 grams of 24 carat gold is Rs 84,330.
Kolkata: The price of 10 grams of 22 carat gold is Rs 77,300 and the price of 10 grams of 24 carat gold is Rs 84,330.
Chennai: The price of 10 grams of 22 carat gold is Rs 77,300 and the price of 10 grams of 24 carat gold is Rs 84,330.
Bhopal: The price of 10 grams of 22 carat gold is Rs 77,350 and the price of 10 grams of 24 carat gold is Rs 84,380.
5 main reasons for the rise in gold
.Geological tension has 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 rupee against the dollar.
.The rate of gold is also getting support due to rising inflation.
.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 rate 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 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 it has already come. After America, the UK has cut interest rates. This will increase the purchase of gold ETF. In such a situation, by June 30 this year, gold can reach up to 85 thousand rupees per 10 grams.
