New Delhi: Gold has reached its all-time high today i.e. on February 4. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by Rs 259 to Rs 82,963. Earlier yesterday i.e. on February 3, gold was at an all-time high of Rs 82,704 per ten grams.
The price of silver has also increased today. It has become costlier by Rs 162 and has reached Rs 93,475 per kg. Earlier, silver was Rs 93,313 per kg. Silver had made its all-time high on 23 October 2024, when it had reached Rs 99,151 per kg.
Gold price in 4 metro cities and Bhopal
5 main reasons for the rise in gold
Gold gave a return of 20% and silver gave a return of 17% in 2024
Last year, the price of gold increased by 20.22%. At the same time, the price of silver increased by 17.19%. On January 1, 2024, gold was at Rs 63,352 per 10 grams, which reached Rs 76,162 per 10 grams on December 31, 2024. During this period, the price of one kg silver increased from Rs 73,395 per kg to Rs 86,017 per kg.
Gold may reach up to 85 thousand rupees by June
Ajay Kedia, director of Kedia Advisory, says that after a big rally, gold was expected to fall, and that has already happened. After America, the UK has cut interest rates. This will increase the purchase of gold ETF. In such a situation, by June 30 this year, gold can reach Rs 85 thousand per 10 grams.
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.