Gold Price Hits All time High: Gold has reached its all-time high today i.e. on February 4. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by Rs 259 to Rs 82,963. Earlier yesterday i.e. on February 3, gold was at an all-time high of Rs 82,704 per ten grams.
The price of silver has also increased today. It has become costlier by Rs 162 and has reached Rs 93,475 per kg. Earlier, silver was Rs 93,313 per kg. Silver had made its all-time high on 23 October 2024, when it had reached Rs 99,151 per kg.
| Date | Gold Price (per 10 grams) | Change in Price |
|---|---|---|
| December 31, 2024 | ₹76,162 | |
| February 4, 2025 | ₹82,963 | ₹6,801 Increase |
Note: Prices are per 10 grams, Source: IBJA.
Here’s the table in English based on the data provided:
| Gold Purity (Carat) | Price (₹/10 grams) |
|---|---|
| 24 Carat | ₹82,963 |
| 22 Carat | ₹75,994 |
| 18 Carat | ₹62,222 |
Source: Indian Bullion and Jewelers Association (IBJA)
Gold price in 4 metro cities
- Delhi: The price of 10 grams of 22 carat gold is Rs 78,250 and the price of 10 grams of 24 carat gold is Rs 85,350.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 78,100 and the price of 10 grams of 24 carat gold is Rs 85,200.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 78,100 and the price of 10 grams of 24 carat gold is Rs 85,200.
- Chennai: The price of 10 grams of 22 carat gold is Rs 78,100 and the price of 10 grams of 24 carat gold is Rs 85,200.
5 main reasons for the rise in gold
- Geopolitical tensions have increased with Trump becoming the US President.
- America has recently cut interest rates and may cut them further.
- Gold is becoming expensive due to the weakening of 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.
Gold gave a return of 20% and silver gave a return of 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 silver increased from Rs 73,395 per kg to Rs 86,017 per kg.
| Year 2024 | Gold Price (10g) | Silver Price (1kg) |
|---|---|---|
| January 1, 2024 | ₹63,352 | ₹73,395 |
| December 31, 2024 | ₹76,162 | ₹86,017 |
Note: Gold became ₹12,810 more expensive in 2024.
Source: Indian Bullion and Jewelers Association
Gold may 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, 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 Rs 85 thousand per 10 grams.
Buy only certified gold
Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). There is a 6-digit hallmark code on gold. This is called Hallmark Unique Identification Number or HUID. This number is alphanumeric i.e. something like this- AZ4524. Through hallmarking, it is possible to find out how many carats a gold has.
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