Gold and Silver Prices Rise: Gold Reaches ₹85,966, Silver at ₹96,796 per Kg
New Delhi, 7 March – (www.deccanlive.com):
Gold Prices Increase by ₹90:
On Friday, March 7, the price of gold rose by ₹90. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold reached ₹85,966, up from ₹85,876 on Thursday, February 19.
Silver Prices Rise by ₹336:
The price of 1 kg of silver increased by ₹336 to ₹96,796 per kg. On Thursday, silver was priced at ₹96,460 per kg. Silver had reached an all-time high of ₹99,151 per kg on October 23, 2024.
Gold Prices in 4 Major Cities:
- Delhi: 10 grams of 22-carat gold costs ₹80,050, and 24-carat gold costs ₹87,310.
- Mumbai: 10 grams of 22-carat gold costs ₹79,900, and 24-carat gold costs ₹87,160.
- Kolkata: 10 grams of 22-carat gold costs ₹79,900, and 24-carat gold costs ₹87,160.
- Chennai: 10 grams of 22-carat gold costs ₹79,900, and 24-carat gold costs ₹87,160.
- Hyderabad: 10 grams of 22-carat gold costs ₹79,900, and 24-carat gold costs ₹87,160
Gold and Silver Prices Since January 1:
- The price of 10 grams of 24-carat gold has increased by ₹9,804, from ₹76,162 to ₹85,966.
- The price of silver has risen by ₹10,779, from ₹86,017 per kg to ₹96,796 per kg.
- In 2024, gold had increased by ₹12,810.
Gold May Reach ₹90,000 This Year:
Ajay Kedia, Director of Kedia Advisory, says that after a big rally, gold prices have corrected. Factors like interest rate cuts in the US and UK, geopolitical tensions, and increased investment in Gold ETFs are supporting gold prices. He predicts that gold could reach ₹90,000 per 10 grams this year.
Always Buy Certified Gold:
Always purchase BIS (Bureau of Indian Standards) hallmarked gold. Hallmarked gold has a 6-digit code called the Hallmark Unique Identification Number (HUID), which ensures the purity of the gold (e.g., AZ4524). This helps buyers know the exact carat of the gold they are purchasing.
