New Delhi1 hour ago
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The price of gold is on today i.e. on March 20, on the fifth consecutive day, all time high. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams 24 carat gold has increased by ₹ 112 to ₹ 88,761. Earlier, on yesterday i.e. Wednesday, March 19, the price of gold was on the all time high of ₹ 88,649.
At the same time, silver prices have decreased by Rs 355 compared to today, it is being sold at Rs 99,613 per kg. Yesterday, one kilo of silver was at ₹ 99,968. On Tuesday, March 18, the silver price was ₹ 1,00,400 per kg, which is also its all -time high. According to Ajay Kedia, director of Kedia Advisory, gold can go up to ₹ 92 thousand this year.
Gold price in 4 metros
- Delhi: The price of 10 grams 22 carat gold is Rs 83,250 and 10 grams 24 carat gold is Rs 90,810.
- Mumbai: The price of 10 grams 22 carat gold is Rs 83,100 and 10 grams 24 carat gold is Rs 90,660.
- Kolkata: The price of 10 grams 22 carat gold is Rs 83,100 and 24 carat 10 grams of gold is priced at Rs 90,660.
- Chennai: The price of 10 grams 22 carat gold is Rs 83,100 and 10 grams 24 carat gold is Rs 90,660.
3 reasons for gold boom
- Jio political tension has increased with Trump becoming the US President.
- Gold is becoming expensive due to the weakening of the rupee against the dollar.
- People are increasing investment in gold due to increasing stock market fluctuations.
Gold has become expensive by Rs 12,599 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 12,599 to Rs 88,761. At the same time, silver price has also increased from Rs 86,017 per kg to Rs 13,596 to Rs 99,613. At the same time, gold became expensive by Rs 12,810 in 2024 last year.
Gold can go up to 92 thousand rupees this year
Ajay Kedia, director of Kedia Advisory, says that gold was to fall after a big rally, it has come. Gold is getting support due to increasing political tension. At the same time, investment in Gold ETF is also increasing. Due to this, the demand for gold is increasing. In such a situation, gold can reach beyond 92 thousand rupees per 10 grams this year.
On the other hand, if you talk about silver, then according to the commodity and currency head of HDFC Securities, Anuj Gupta, its price can be seen further. Silver of the year can go up to 1 lakh 8 thousand rupees.
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.
