Gold Gains ₹10,510 This Year, Expected to Touch ₹90,000; Silver Also Sees Significant Price Surge
Gold Price Rises by ₹529 to ₹86,672; Silver Falls by ₹150 to ₹97,950 Per Kg
On Thursday, March 13, gold prices surged, while silver prices declined. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold increased by ₹529, reaching ₹86,672 per 10 grams. On Wednesday, gold was priced at ₹86,143. Notably, on February 19, gold hit an all-time high of ₹86,733 per 10 grams.
Meanwhile, silver prices dropped by ₹150, now selling at ₹97,950 per kg compared to ₹98,100 on Wednesday. The highest price recorded for silver was ₹99,151 per kg on October 23, 2024.
Gold Prices in Major Metro Cities (Per 10 Grams):
- Delhi: 22K – ₹81,350 | 24K – ₹88,730
- Mumbai: 22K – ₹81,200 | 24K – ₹88,580
- Kolkata: 22K – ₹81,200 | 24K – ₹88,580
- Chennai: 22K – ₹81,200 | 24K – ₹88,580
Yearly Price Increase:
- Gold: Up by ₹10,510 since January 1 (from ₹76,162).
- Silver: Up by ₹11,933 since January 1 (from ₹86,017).
- In 2024, gold prices surged by ₹12,810.
Gold Prices May Reach ₹90,000 in 2025
According to Ajay Kedia, Director of Kedia Advisory, gold prices may reach ₹90,000 per 10 grams this year. Factors supporting the price surge include:
- Interest rate cuts by the US & UK
- Geopolitical tensions
- Increased investment in Gold ETFs
3 Key Tips for Buying Gold:
- Buy Certified Gold – Ensure it has a BIS Hallmark and a 6-digit HUID (Hallmark Unique Identification) number.
- Verify the Price – Cross-check gold rates from reliable sources like IBJA. Prices vary based on purity (24K, 22K, 18K).
- Use Digital Payment & Get a Bill – Avoid cash payments; opt for UPI, net banking, debit/credit cards, and always collect a bill.
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