Gold Price: Gold reached its all-time high today i.e. on January 30. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has reached Rs 81,006. On Wednesday, its price was Rs 80,975 per ten grams.
At the same time, the price of silver also increased today. It has increased by Rs 920 to Rs 91,600 per kg. Earlier, the price of silver was Rs 90,680 per kg. Silver had made its all-time high on 23 October 2024. Then it had reached Rs 99,151 per kg.
Table of Contents
| Date | Gold Price (10g, 24K) | Silver Price (1kg) |
|---|---|---|
| January 30, 2025 | ₹81,006 | ₹91,600 |
| January 29, 2025 | ₹80,975 | ₹90,680 |
| October 23, 2024 | — | ₹99,151 (All-time high) |
Gold Prices According to Carat
- 24 Carat: ₹81,006
- 22 Carat: ₹74,202
- 18 Carat: ₹60,755
Source: Indian Bullion and Jewelers Association (IBJA)
Gold has become costlier by ₹ 4,844 so far this year
On December 31, the price of 10 grams of 24 carat gold was Rs 76,162. In the last 30 days, it has increased by Rs 4,844. On the other hand, the price of 1 kg silver was Rs 86,017 on December 31. During this period, it has also increased by Rs 5,583.
Gold price in 4 metro cities
- Delhi: The price of 10 grams of 22 carat gold is Rs 76,250 and the price of 10 grams of 24 carat gold is Rs 83,170.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 76,100 and the price of 10 grams of 24 carat gold is Rs 83,020.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 76,100 and the price of 10 grams of 24 carat gold is Rs 83,020.
- Chennai: The price of 10 grams of 22 carat gold is Rs 76,100 and the price of 10 grams of 24 carat gold is Rs 83,020.
5 main reasons for the rise in 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.
| 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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