Gold prices have been on an upward trajectory, reaching new record levels. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold currently stands at ₹86,300. Notably, on February 19, gold peaked at an all-time high of ₹86,733. Analysts predict that the price of gold may touch ₹90,000 per 10 grams in 2025.
Along with gold, silver prices have also surged significantly. The current market rate for 1 kg of silver is ₹95,993. Previously, on October 23, 2024, silver had reached its highest-ever price of ₹99,151 per kg.
| 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 |
On January 1, 2025, the price of 10 grams of 24-carat gold stood at ₹76,162.
As of today, it has reached ₹86,300, marking an increase of ₹10,138.
Similarly, silver prices have increased from ₹86,017 per kg to ₹95,993, reflecting a gain of ₹9,976.
In 2024, gold prices also saw a significant jump, rising by ₹12,810.
Global Uncertainty: Speculations about Donald Trump’s potential return to the U.S. presidency are increasing geopolitical tensions, boosting the demand for gold as a safe-haven asset.
Rupee Depreciation: A weaker rupee against the U.S. dollar makes gold more expensive, leading to a price hike.
Impact of Inflation: Rising inflation rates encourage investors to turn to gold, further driving up its value.
Stock Market Volatility: Uncertainty and fluctuations in the stock market are prompting investors to shift their focus toward gold for financial security.
According to market expert Ajay Kedia of Kedia Advisory, the recent correction in gold prices was temporary, setting the stage for a significant rally. The increased demand for gold, coupled with lower interest rates in the U.S. and the U.K., geopolitical uncertainties, and rising investments in Gold ETFs, could push the price to ₹90,000 per 10 grams by the end of 2025.
Always purchase certified gold with a BIS hallmark to ensure purity.
Verify the 6-digit HUID code (Hallmark Unique Identification) on gold jewelry to confirm authenticity.
The alphanumeric HUID code (e.g., AZ4524) signifies the gold's purity level.
With gold prices soaring, investors and buyers should stay informed and make wise investment decisions.
