Gold Price Rises by ₹479 to ₹85,817; Silver Up by ₹475 to ₹94,873 Per Kg
Gold Price Today
New Delhi, 4 March – (www.deccanlive.com): Gold and silver prices have increased today. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold has risen by ₹479, reaching ₹85,817. Yesterday, the gold price was ₹85,320. On February 19, gold hit an all-time high of ₹86,733.
Meanwhile, the price of 1 kg silver has increased by ₹475, now selling at ₹94,873 per kg. Yesterday, silver was priced at ₹94,398 per kg. Silver reached its all-time high of ₹99,151 per kg on October 23, 2024.
Gold Prices in Major Cities:
- Delhi: 22K Gold (10g) – ₹80,250 | 24K Gold (10g) – ₹87,530
- Mumbai: 22K Gold (10g) – ₹80,100 | 24K Gold (10g) – ₹87,380
- Kolkata: 22K Gold (10g) – ₹80,100 | 24K Gold (10g) – ₹87,380
- Chennai: 22K Gold (10g) – ₹80,100 | 24K Gold (10g) – ₹87,380
- Hyderabad: 22K Gold (10g) – ₹80,495 | 24K Gold (10g) – ₹87,380
- Bhopal: 22K Gold (10g) – ₹80,150 | 24K Gold (10g) – ₹87,430
Gold Price Rises by ₹9,655 This Year; May Reach ₹90,000
So far this year, the price of 10 grams of 24-carat gold has increased by ₹9,655, rising from ₹76,162 on January 1 to ₹85,817. Silver prices have also increased by ₹8,856 per kg, from ₹86,017 to ₹94,873. Last year (2024), gold became ₹12,810 more expensive.
4 Reasons for Gold Price Increase:
- Geopolitical Tension – Donald Trump’s return to power in the US has increased geopolitical tensions.
- Weak Rupee – The weakening of the Indian rupee against the US dollar is making gold more expensive.
- Inflation – Rising inflation is also supporting the gold price.
- Stock Market Volatility – Investors are shifting towards gold due to fluctuations in the stock market.
Gold May Reach ₹90,000 This Year
Ajay Kedia, Director of Kedia Advisory, predicts that after a major rally, gold prices saw a correction, but now they are rising again. Interest rate cuts in the UK and increasing geopolitical tensions are supporting gold prices. Additionally, investments in Gold ETFs are increasing, boosting demand. Because of these factors, gold could reach ₹90,000 per 10 grams this year.
Buy Only Certified Gold
Always buy BIS (Bureau of Indian Standards) Hallmarked certified gold. Gold has a 6-digit Hallmark Code, known as HUID (Hallmark Unique Identification Number), which is alphanumeric (e.g., AZ4524). Hallmarking ensures the gold’s purity and carat value.
