GOLD PRICE IN INDIA
Gold has reached its all-time high today, January 24. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold has increased by ₹391, reaching ₹80,430.
Earlier, on Thursday, it was priced at ₹80,039 per 10 grams. Just two days ago, on January 22, gold had reached its previous all-time high of ₹80,194 per 10 grams.
Meanwhile, silver prices have also risen today. It has increased by ₹632, reaching ₹91,265 per kilogram. Earlier, silver was priced at ₹90,633 per kilogram. Silver’s all-time high was recorded on October 23, 2024, when it reached ₹99,151 per kilogram.
Gold became costlier by ₹4,268 in last 24 days
On December 31, 2024, the price of 10 grams of 24 carat gold was Rs 76,162, which has increased by Rs 4,268 to Rs 80,430 in 24 days of this month.
5 main reasons for gold price
- Trump becoming the President of the United States has increased geopolitical tensions.
The U.S. recently cut interest rates and may do so again in the future.
The weakening of the Indian Rupee against the Dollar is making gold more expensive.
Rising inflation is also supporting the price of gold.
Due to increased volatility in the stock market, people are investing more in Gold ETFs.
Gold price in 4 metros and Bhopal
Delhi: The price of 10 grams of 22-carat gold is ₹75,700, and 10 grams of 24-carat gold is ₹82,570.
Mumbai: The price of 10 grams of 22-carat gold is ₹75,550, and 10 grams of 24-carat gold is ₹82,420.
Kolkata: The price of 10 grams of 22-carat gold is ₹75,550, and 10 grams of 24-carat gold is ₹82,420.
Chennai: The price of 10 grams of 22-carat gold is ₹75,550, and 10 grams of 24-carat gold is ₹82,420.
Bhopal: The price of 10 grams of 22-carat gold is ₹75,600, and 10 grams of 24-carat gold is ₹82,470.
Buy only certified gold
Always buy certified gold with the Bureau of Indian Standards (BIS) hallmark. Gold has a 6-digit hallmark code, known as the Hallmark Unique Identification Number (HUID). This code is alphanumeric, like this: AZ4524. Through hallmarking, it is possible to determine the purity of gold in terms of carats.
Gold gave 20% return and Silver 17% return in 2024.
Last year, the price of gold increased by 20.22%, while the price of silver rose by 17.19%. On January 1, 2024, gold was priced at ₹63,352 per 10 grams, which increased to ₹76,162 per 10 grams by December 31, 2024. During the same period, the price of silver went up from ₹73,395 per kilogram to ₹86,017 per kilogram.