Gold Price At All-Time High: Gold has reached its all-time high today i.e. on January 24. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by Rs 391 to Rs 80,430. Earlier on Thursday, its price was Rs 80,039 per ten grams. Two days ago on January 22, gold had made an all-time high of Rs 80,194 per ten grams.
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At the same time, the price of silver has also increased today. It has increased by Rs 632 to Rs 91,265 per kg. Earlier silver was at Rs 90,633. Silver had made its all-time high on 23 October 2024, when it had reached Rs 99,151 per kg.
Gold has become costlier by ₹4,268 in the last 24 days
The price of 10 grams of 24 carat gold was Rs 76,162 on 31 December 2024, which has increased by Rs 4,268 to Rs 80,430 in 24 days of this month.
Gold price in 4 metro cities and Bhopal
- Delhi:Â The price of 10 grams of 22 carat gold is Rs 75,700 and the price of 10 grams of 24 carat gold is Rs 82,570.
- Mumbai:Â The price of 10 grams of 22 carat gold is Rs 75,550 and the price of 10 grams of 24 carat gold is Rs 82,420.
- Kolkata:Â The price of 10 grams of 22 carat gold is Rs 75,550 and the price of 10 grams of 24 carat gold is Rs 82,420.
- Chennai:Â The price of 10 grams of 22 carat gold is Rs 75,550 and the price of 10 grams of 24 carat gold is Rs 82,420.
- Bhopal:Â The price of 10 grams of 22 carat gold is Rs 75,600 and the price of 10 grams of 24 carat gold is Rs 82,470.
5 main reasons for the price of gold
- Geological tensions have increased with Trump becoming the President of America.
- 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.
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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