New Delhi: Gold has made an all-time high today i.e. on April 3. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by Rs 209 to an all-time high of Rs 91,205. Earlier, gold was at Rs 90,996. On April 1, gold had made an all-time high of Rs 91,115.
However, the price of silver has fallen today. The price of one kg silver has fallen by Rs 2,236 to Rs 97,300 per kg. Earlier, the price of silver was Rs 99,536 per kg. On March 28, silver had made an all-time high of Rs 1,00,934.
So far this year, Gold has become expensive by 15,043 Rupees
This year, i.e. from January 1 till now, the price of 10 grams of 24 carat gold has increased from Rs 76,162 to Rs 91,205 by Rs 15,043 i.e. 20%. At the same time, the price of silver has also increased from Rs 86,017 per kg to Rs 97,300 by Rs 11,283 i.e. 13%. Whereas last year i.e. in 2024, gold became costlier by Rs 12,810.
4 reasons for the rise in gold
This year, gold can go up to 94 thousand rupees
Ajay Kedia, director of Kedia Advisory, says that gold is getting support due to increasing geopolitical tension. At the same time, investment in gold ETFs is also increasing. This is increasing the demand for gold. In such a situation, this year gold can cross Rs 94 thousand per 10 grams.
If we talk about silver, then according to Anuj Gupta, Commodity and Currency Head of HDFC Securities, its price can see further increase. By the end of the year, silver can reach up to Rs 1 lakh 8 thousand.
Buy only certified gold
Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). There is a 6-digit hallmark code on gold. This is called Hallmark Unique Identification Number or HUID. This number is alphanumeric i.e. something like this- AZ4524. Through hallmarking, it is possible to find out how many carats a gold has.