10 gram Gold gains in last days ₹14,804 expensive, expected to go up to ₹94 thousand; impact of inflation and market
10 grams of gold crossed ₹90,966
Gold has made an all-time high today i.e. on April 1. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold increased by Rs 1,802 to an all-time high of Rs 90,966.
Earlier, gold was at Rs 89,164.However, the price of silver has fallen today. The price of one kg silver has fallen by Rs 1,060 to Rs 99,832 per kg. Earlier, the price of silver was ₹ 1,00,892 per kg.
Gold price in 4 metro cities and Bhopal
• Delhi: The price of 10 grams of 22 carat gold is Rs 85,250 and the price of 10 grams of 24 carat gold is Rs 92,990.
• Mumbai: Price of 10 grams of 22 carat gold is Rs 85,100 and price of 10 grams of 24 carat gold is Rs 92,840
• Kolkata: Price of 10 grams 22 carat goldThe price of 24 carat 10 gram gold is Rs 85,100 and Rs 92,840.
• Chennai: The price of 10 grams of 22 carat gold is Rs 85,100 and the price of 10 grams of 24 carat gold is Rs 92,840.
• Bhopal: The price of 10 grams of 22 carat gold is Rs 85,150 and the price of 10 grams of 24 carat gold is Rs 92,890.
Gold has become costlier by Rs 14,804 so far this year
This year, i.e. from January 1 till now, the price of 10 grams of 24 carat gold has increased from Rs 76,162 to Rs 14,804
Rs 76,162 to Rs 90,966. At the same time, the price of silver has also increased by Rs 13,815 from Rs 86,017 per kg to Rs 99,832. Last year, i.e. in 2024, gold became costlier by Rs 12,810
4 reasons for the rise in gold”
1. Geopolitical tensions have increased with Trump becoming the US President
.2. Gold is becoming expensive due to the weakening of rupee against the dollar.
3. Due to increasing volatility in the stock market, people are increasing their investment in gold.
4. The price of gold is also getting support due to rising inflation.
This year gold can go up to 94 thousand rupees Ajay Kedia, director of Kedia Advisory, says that gold is getting support due to increasing geo-political tension.
At the same time, investment in gold ETF is also increasing. This is increasing the demand for gold. In such a situation, this year gold can cross Rs 94 thousand per 10 grams.
If we talk about silver, then according to Anuj Gupta, Commodity and Currency Head of HDFC Securities, its price can see further increase. By the end of the year, silver can reach Rs 1 lakh 8 thousand.