Gold Prices Skyrocket: A historic rise has been seen in the prices of gold. For the first time, the price of gold has crossed Rs 83 thousand per 10 grams. On Friday, gold prices continued to rise in the national capital for the 8th consecutive trading session.
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Gold Prices Skyrocket
Gold prices rise sharply on Friday amid aggressive buying due to uncertainties in the global market. In the country’s capital Delhi, gold prices continued to rise for the eighth consecutive session by Rs 200 and crossed the psychological level of Rs 83,000 per 10 grams for the first time.
Gold of 99.9 percent purity rose by Rs 200 to hit a new all-time high of Rs 83,100 per 10 grams, the Indian Bullion Association said. It had closed at Rs 82,900 per 10 grams on Thursday.
Friday Gold – Silver Price
On Friday, silver also increased by Rs 500 to Rs 94,000 per kg. In the last trading session, silver had closed at Rs 93,500 per kg. In international markets, Comex gold futures rose by $ 15.50 an ounce to $ 2,780.50 an ounce.
Expert Review On Gold Prices Skyrocket 2025
Saumil Gandhi, senior analyst of commodities at domestic brokerage HDFC Securities, said – The rise in gold continued on Friday and spot gold in the domestic market reached a new all-time high. Saumil Gandhi said that the current rise in gold is the result of uncertainty arising from the possible tariff plan in America and other policies of President Donald Trump. In the current situation, there has been a surge in the purchase of gold as a safe investment.
Keep An Eye on PMI Data
According to Kainat Chainwala of Kotak Securities, investors can keep an eye on PMI data for early signs of economic activity in major global economies. Housing data released in the US will also be closely watched for further information about the economy.
Jatin Trivedi of LKP Securities said that investors will also keep an eye on the upcoming Union Budget and the interest rate decision of the US Federal Reserve. These are key developments that will determine the future direction of bullion prices.
Gold will Increase So Much in 2024
On January 1, the price of 10 grams of 24-carat gold was Rs 76,583. It has increased by Rs 3,765 in the last 24 days. At the same time, on the first day of the new year, the price of 1 kg silver was Rs 86,055. During this period it has also increased by Rs 5,156.
Reason for Increasing Silver – Gold Price
- Geological tension has increased since Trump became the President of America.
- America has recently cut interest rates and may cut them further.
- Gold is becoming expensive due to the weakening of the rupee against the dollar.
- The price of gold is also getting support due to increasing inflation.
- Due to increasing fluctuations in the stock market, people are increasing investment in gold ETFs.
Gold Prices Skyrocket: Price Table
| City | Price of 10 grams 22 Carat Gold (Rs) | Price of 10 grams 24 Carat Gold (Rs) |
|---|---|---|
| Delhi | 75,700 | 82,570 |
| Mumbai | 75,550 | 83,420 |
| Kolkata | 75,550 | 83,420 |
| Chennai | 75,550 | 83,410 |
| Bhopal | 78,600 | 83,470 |
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗