New Delhi, July 12: There was a rise in the price of gold and silver this week. According to the data of India Bullion and Jewellers Association (IBJA), on the last trading day of last week, Friday, July 4, gold was at Rs 97,021, which has now reached Rs 97,511 per 10 grams on July 11. That is, its price has increased by Rs 490 this week.
Talking about silver, it was at Rs 1,07,580 on July 4, which has now reached Rs 1,10,290 per kg (11 July). Thus, its price has increased by Rs 2,710 this week. Yesterday (11 July) silver made an all-time high. On June 18, gold made an all-time high of Rs 99,454.
Price of 10 grams of gold in 4 metro cities
Gold has become costlier by Rs. 20,882 so far this year
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 97,046 by Rs 20,882. At the same time, the price of silver has also increased from Rs 86,017 per kg to Rs 1,07,934 by Rs 21,917. Whereas last year i.e. in 2024, gold became costlier by Rs 12,810.
This year gold can go up to Rs. 1 lakh 3 thousand
Ajay Kedia, Director of Kedia Advisory, says that geo-political tensions are prevailing due to US tariffs. This is supporting gold. This is increasing the demand for gold. In such a situation, gold can reach up to Rs 1 lakh 3 thousand per 10 grams this year. Silver can reach up to Rs 1 lakh 30 thousand this year.
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.