Gold price outlook: According to the India Bullion and Jewelers Association (IBJA), currently the price of 10 grams of 24 carat gold has reached Rs 86,300. At the same time, on February 19, gold touched an all-time high of Rs 86,733.
Gold price outlook: Gold prices are constantly touching new heights and it may see further jump in the coming months. It is estimated that the price of 10 grams of gold can reach 90 thousand rupees in 2025. According to the India Bullion and Jewelers Association (IBJA), currently the price of 10 grams of 24 carat gold has reached Rs 86,300. At the same time, on February 19, gold touched an all-time high of Rs 86,733.
Silver prices also jumped
Along with gold, silver (Silver Price) also remains at a record level. One kg of silver is trading at Rs 95,993. Earlier, on 23 October 2024, silver had made an all-time high of Rs 99,151 per kg.
Gold prices in 4 major cities (per 10 grams)
| City | 22 Carat Gold (₹) | 24 Carat Gold (₹) |
|---|---|---|
| Delhi | 80,800 | 88,130 |
| Mumbai | 80,650 | 87,980 |
| Kolkata | 80,650 | 87,980 |
| Chennai | 80,650 | 87,980 |
Gold has become costlier by Rs 10,138 so far this year
- On January 1, 2025, the price of 10 grams of 24 carat gold was Rs 76,162, which has now reached Rs 86,300. That is, so far this year, gold has become costlier by Rs 10,138.
- Similarly, silver has also increased from Rs 86,017 per kg to Rs 95,993, that is, it has increased by Rs 9,976.
- In 2024 also, a tremendous rise was seen in gold and during that time its price increased by Rs 12,810.
4 big reasons behind the increase in gold prices
- International uncertainty: The possible return of Donald Trump in the US is increasing geo-political tensions, which has increased the demand for gold.
- Rupee weakness against the dollar: When the rupee weakens, gold becomes expensive, which leads to an increase in its price.
- Effect of inflation: Rising inflation is also supporting gold, as investors are buying it considering it a safe asset.
- Stock market fluctuations: Due to increasing volatility in the stock market, investors are looking at gold as a safe haven asset, which is increasing its price.
Will gold reach Rs 90,000?
According to gold market expert Ajay Kedia (Kedia Advisory), the recent fall in gold was a correction before a big rally. Now the demand for gold is increasing due to the reduction in interest rates in the US and the UK, increasing geo-political tensions and increasing investment in gold ETFs. In such a situation, the price of gold can reach Rs 90,000 per 10 grams by the end of this year.
Take these precautions while buying gold
- Always buy certified gold with BIS hallmark.
- A 6-digit hallmark code (HUID) is recorded on every gold ornament, so that you can confirm its purity.
- This is an alphanumeric code (eg AZ4524), which tells how many carats the gold is.
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