New Delhi35 minutes ago
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The price of one kg silver increased by ₹ 1,958 to ₹ 92,627 per kg. (This photo is made from grouke)
Gold has reached all time high on 11 April (Friday) today. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams 24 carat gold has increased by ₹ 2,913 to ₹ 93,074. Earlier, the price of 10 grams of gold was ₹ 90,161.
The price of one kilo of silver has increased ₹ 1,958 to ₹ 92,627 per kg today. Earlier, the price of silver was ₹ 90,669 per kg. On March 28, silver made a high of ₹ 1,00,934 and gold on 3 April.
3 reasons for gold boom
- The threat of trade war has increased due to the US tariff policy. This can reduce the speed of economy growth. The possibility of global recession has also increased. In such a situation, people are increasing their investment in gold. Gold is considered a safe investment at the time of recession.
- Gold prices have risen due to the weakening of the rupee against the dollar. This is because when the rupee is weak, it costs more money to import it. This year, the rupee has fallen by about 4%, which has increased the pressure on gold prices.
- The weather of weddings is approaching, so the demand for gold jewelery is increasing. Jewelers in cities like Mumbai, Delhi and Chennai reported that sales are rising despite high prices, as people see gold as a symbol of investment and prosperity.
Gold price in 4 metros
- Delhi : The price of 10 grams 22 carat gold is Rs 87,600 and 10 grams 24 carat gold is priced at Rs 95,555.
- Mumbai: The price of 10 grams 22 carat gold is Rs 87,450 and 10 grams 24 carat gold is priced at Rs 95,400.
- Kolkata : The price of 10 grams 22 carat gold is Rs 87,450 and 24 carat 10 grams of gold is priced at Rs 95,400.
- Chennai : The price of 10 grams 22 carat gold is Rs 87,450 and 10 grams 24 carat gold is priced at Rs 95,400.
Gold has become expensive by Rs 16,912 so far this year
This year i.e. since January 1, the price of 10 grams 24 carat gold has increased from Rs 76,162 to Rs 16,912 i.e. 22% to Rs 93,074. At the same time, silver price has also increased from Rs 86,017 per kg to Rs 6,610, or 7% to ₹ 92,627. At the same time, gold became expensive by Rs 12,810 in 2024 last year.
ETF better option for investment instead of physical gold
| Gold cost | Physical gold | Digital gold | ETF |
| Base price | Current price | Current price | Current price |
| custom duty | 6% | No | No |
| GST | 3% | 3% | No |
| Sneges | ₹45/gm | 2.5-3% | Broking fees |
| Making Charges | 5-15% | No | No |
Keep these 3 things in mind while buying gold
1. Buy certified gold
Always buy a certified gold of the Bureau of Indian Standard (BIS) hallmark. Gold has a 6 -digit hallmark code. It is called Hallmark Unique Identification Number ie Huid. This number alphanumeric means something like this- AZ4524. It is possible to find out how many carats a gold is through hallmarking.
2. Cross check the price
Cross the right weight of gold and the day of purchasing the price of it with many sources (eg India Bullion and Jewelers Association's website). The price of gold varies according to 24 carats, 22 carats and 18 carats. 24 carat gold is considered the pure gold, but its jewelery is not formed, because it is very soft.
3. Do not pay cash, take a bill
It is good to make payment through UPI (such as Bhima app) and digital banking instead of cash payment while buying gold. If you want, you can also pay through debit or credit card. After this, do not forget to take the bill. If ordered online, then check the packaging.
