Gold price crosses 81 thousand for the first time, silver reaches Rs 91,600 per kg

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)

πŸ”Ή Silver became costlier by Rs 920 to Rs 91,600 per kg.

πŸ”Ή 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

πŸ“Œ Gold price on 31 December 2024 – Rs 76,162 (10 grams, 24 carat)
πŸ“Œ Gold price on 30 January 2025 – Rs 81,006
πŸ“Œ Silver increased by Rs 5,583

Gold prices in 4 metros and Bhopal (10 grams, 24 carat)

πŸ’° Delhi – β‚Ή83,170
πŸ’° Mumbai – β‚Ή83,020
πŸ’° Kolkata – β‚Ή83,020
πŸ’° Chennai – β‚Ή83,020
πŸ’° Bhopal – β‚Ή80,070

5 major reasons for the rise in gold

βœ… Interest rate cuts in the US and other countries
βœ… Rupee weakening against the dollar
βœ… Gold prices rise due to rising inflation Support to the price
βœ… Investment in Gold ETF increased due to instability in the stock market
βœ… Demand for safe investment increased due to geopolitical tensions

Gold increased by 20% and silver by 17% in 2024

πŸ“ˆ Gold on 1 January 2024 – β‚Ή63,352 (10 grams)
πŸ“ˆ Gold on 31 December 2024 – β‚Ή76,162
πŸ“ˆ 1 kg silver – increased from β‚Ή73,395 to β‚Ή86,017

Gold may reach β‚Ή85,000 by June

According to experts, due to increased purchase of Gold ETF, gold may reach β‚Ή85,000 per 10 grams by 30 June 2025.

Buy only certified gold

πŸ”Ή Buy only BIS hallmarked gold
πŸ”Ή Make sure to check the HUID code (6 digits) of hallmarking

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