Gold reached all-time high today i.e. Thursday (February 6) for the fourth consecutive day. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by Rs 15 to Rs 84,672. Earlier yesterday i.e. on February 4, gold was at an all-time high of Rs 83,657 per ten grams.
There is a fall in the price of silver today. The price of 1 kg silver fell by Rs 133 from yesterday’s price to Rs 95,292 per kg. Yesterday the price of silver was Rs 05,425 per kg. Silver made its all-time high on October 23, 2024, when it reached Rs 99,151 per kg.
Latest Gold Prices Across Major Indian Cities
- Delhi: The price of 10 grams 22 carat gold is Rs 79,450 and the price of 10 grams 24 carat gold is Rs 86,660.
- Mumbai: The price of 10 grams 22 carat gold is Rs 79,300 and the price of 10 grams 24 carat gold is Rs 86,510.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 79,300 and the price of 10 grams of 24 carat gold is Rs 86,510.
- Chennai: The price of 10 grams 22 carat gold is Rs 79,300 and the price of 10 grams 24 carat gold is Rs 86,510.
- Bhopal: The price of 10 grams 22 carat gold is Rs 79,350 and the price of 10 grams 24 carat gold is Rs 86,560.
Impact of Geopolitical Tensions on Gold Prices
- Geopolitical tensions have increased with Trump becoming the President of America.
- America has recently cut interest rates and may cut them further.
- Gold is becoming expensive due to weakening of rupee against dollar.
- The price of gold is also getting support due to increasing inflation.
- Due to increasing fluctuations in the stock market, people are increasing investment in gold ETFs.
Gold & Silver Returns in 2024 – How Much Have Investors Gained?
Last year the price of gold increased by 20.22%. At the same time, the price of silver increased by 17.19%.
- Gold’s 20% Growth – From ₹63,352 to ₹76,162 Per 10g: 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.
- Silver’s 17% Growth – From ₹73,395 to ₹86,017 Per Kg: During this period, the price of one kg silver increased from Rs 73,395 per kg to Rs86,017 per kg.
