Gold Price Today 10 Feb: Gold prices are skyrocketing. Even today, the price of gold has created a new history. Without GST, 24 carat gold has now reached a new all-time high of Rs 85368 per 10 grams.
Gold Price Today 10 Feb: Gold prices are skyrocketing. Even today, the price of gold has created a new history. Without GST, 24 carat gold has now reached a new all-time high of Rs 85368 per 10 grams. Today, i.e. on Monday, February 10, gold opened at Rs 85368, becoming costlier by Rs 669. At the same time, there is a decline in the rate of silver today. In the bullion markets, silver opened at Rs 94940 per kg, becoming cheaper by Rs 451 today.
According to IBJA rates, the price of 23 carat gold has reached Rs 85062, becoming costlier by Rs 666 today. The average spot price of 22 carat gold is now Rs 78197 and the price of 18 carat is Rs 64026 per 10 grams. At the same time, the price of 14 carat gold is now Rs 49940 per 10 grams.
This rate has been released by the India Bullion and Jewelers Association (IBJA), in which GST is not levied. It is possible that in your city there may be a difference of Rs 1000 to 2000.
Gold also crosses 85000 on MCX
Amid uncertainty over US President Donald Trump’s tariff policies, gold prices in the domestic futures market reached a record high on Monday morning. Gold expiring on April 4 on MCX reached a record high of Rs 85,384 per 10 grams. At around 9:15 am, MCX Gold was up 0.51 percent at Rs 85,325 per 10 grams for the same contract.
Why is gold getting expensive
International gold prices were also trading near record highs, as Trump’s decision to impose fresh tariffs raised concerns of a global trade war. Spot gold hit a record high of $2,886.62 last Friday, February 7.
Trump said he would announce a new 25 percent tariff on all steel and aluminum imports into the US on Monday in addition to existing metal duties. The report further said he plans to announce reciprocal tariffs on several countries by Monday or Tuesday this week. Gold prices rose at a time of geopolitical uncertainty. Trump’s policies could further increase inflation in the US, which could mean the US Fed will not cut rates soon.
Gold is also jumping due to weakness in rupee
Apart from global factors, weakness in the rupee has also led to a rise in gold prices domestically. The Indian rupee opened at a record low on Monday. It slipped 49 paise to an all-time low of 87.92 against the US dollar, having closed at 87.43 per dollar on Friday.
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