Gold has reached a new all-time high today, February 14 (Friday). According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold has risen by ₹341 to ₹86,089. On February 13, gold was priced at ₹85,748, while on February 11, it had hit an earlier record of ₹85,903. Meanwhile, silver prices have also surged, with one kilogram of silver increasing by ₹1,945 to ₹97,494 per kg. Just a day earlier, silver was priced at ₹95,549 per kg. The highest silver price recorded was ₹99,151 per kg on October 23, 2024. Gold Becomes ₹9,927 Costlier Since January 1 Since the beginning of the year, gold prices have surged significantly. On January 1, 2024, the price of 10 grams of 24-carat gold stood at ₹76,162, marking a sharp increase of ₹9,927 to ₹86,089. Similarly, silver prices have jumped from ₹86,017 per kg to ₹97,494 per kg, an increase of ₹11,477. Gold Prices Across Major Cities 4 Key Reasons Behind the Surge in Gold Prices Gold Delivered 20% Returns, Silver 17% in 2024 Last year, gold prices surged 20.22%, while silver saw a 17.19% increase. On January 1, 2024, gold was priced at ₹63,352 per 10 grams, climbing to ₹76,162 by December 31, 2024. During the same period, silver prices rose from ₹73,395 per kg to ₹86,017 per kg. Gold May Reach ₹90,000 in 2025 According to Ajay Kedia, Director of Kedia Advisory, gold prices could touch ₹90,000 per 10 grams this year. He attributes this to ongoing geopolitical tensions, interest rate cuts in the UK and the US, and rising investments in Gold ETFs, which are fueling gold demand.Original Article