Gold price reached its highest level ever on January 30. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold rose to Rs 81,006, while on Wednesday it was Rs 80,975.
Silver also rises (Silver Price 30 January)
Silver became costlier by Rs 920 to Rs 91,600 per kg.
The highest level of silver so far was Rs 99,151 per kg on 23 October 2024.
Gold became costlier by Rs 4,844 in 30 days
Gold price on 31 December 2024 β Rs 76,162 (10 grams, 24 carat)
Gold price on 30 January 2025 β Rs 81,006
Silver increased by Rs 5,583
Gold prices in 4 metros and Bhopal (10 grams, 24 carat)
Delhi β βΉ83,170
Mumbai β βΉ83,020
Kolkata β βΉ83,020
Chennai β βΉ83,020
Bhopal β βΉ80,070
5 major reasons for the rise in gold
Interest rate cuts in the US and other countries
Rupee weakening against the dollar
Gold prices rise due to rising inflation Support to the price
Investment in Gold ETF increased due to instability in the stock market
Demand for safe investment increased due to geopolitical tensions
Gold increased by 20% and silver by 17% in 2024
Gold on 1 January 2024 β βΉ63,352 (10 grams)
Gold on 31 December 2024 β βΉ76,162
1 kg silver β increased from βΉ73,395 to βΉ86,017
Gold may reach βΉ85,000 by June
According to experts, due to increased purchase of Gold ETF, gold may reach βΉ85,000 per 10 grams by 30 June 2025.
Buy only certified gold
Buy only BIS hallmarked gold
Make sure to check the HUID code (6 digits) of hallmarking
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