Gold Price Hike: Since January 1, 2025, gold has increased by Rs 4,360 from Rs 79,390 per 10 grams to Rs 83,750 per 10 grams.
Gold Price Hits All-Time High: Due to a strong surge in demand before the budget, the price of gold has reached an all-time high. Due to heavy buying by jewelers and retailers, gold has reached a historic high of Rs 83750 per 10 grams. In the last trading session, the price of 99.9 percent pure gold closed at Rs 82,840 per 10 grams. All India Sarafa Association has given this information.
Since January 1, 2025, gold has increased by Rs 4,360 from Rs 79,390 per 10 grams to Rs 83,750 per 10 grams. After two days of decline, gold of 99.5 percent purity rose by Rs 910 to a new high of Rs 83,350 per 10 grams. On Tuesday, it closed at Rs 82,440 per 10 grams. The price of silver jumped by Rs 1,000 to Rs 93,000 per kg, which was Rs 92,000 per kg on the previous trading day.
In futures trading on MCX too, gold for the month of February has jumped by Rs 228 to a new high of Rs 80517. For the month of April, the price has reached Rs 81098 per 10 grams. Gold prices have risen due to the rise in the dollar index and data of weak consumer demand in the US. Globally, gold futures remained stable at $ 2,794.70 an ounce in the commodity market.
HDFC Securities Senior Analyst (Commodity) Saumil Gandhi said, “Gold rose on Wednesday. The reason for this is that traders are preferring safe investment in view of President Donald Trump’s expected tariff plan. ‘LKP Securities Vice President Research Analyst (Commodity and Currency), Jatin Trivedi said, “Market stakeholders are waiting for the US Federal Reserve (Fed) interest rate policy decision. Although there is no possibility of immediate interest rate cut, forward guidance will be important in determining the next direction of gold. ”
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