Gold has given more return compared to equities in almost last one year. From February 16, 2024, till date, the Sensex has returned mere 4.0%. In comparison, the precious metal has surged 40.5% and silver's upsurge has been 37.6%. Analysts say that the rally in gold may continue. In fact, on Wednesday, gold had made a new all time high. The average price of 24-carat gold in the country increased by ₹1,043 to ₹86,733 per 10 grams. The price of 22-carat (jewelry) gold also increased by ₹955 to a record high of ₹79,447 for the first time. HDFC Securities: There's no stopping gold! Anuj Gupta, Commodity Head, HDFC Securities, said that there seemed to be no scope for a decrease in gold prices or a halt in the rally. In the international market, it may soon break the level of $3,000/ounce. Gold gains ₹24,990 in a year
On February 16, 2024, the price of 24-carat gold was ₹61,743 and 22-carat gold was ₹56,557 per 10 grams. Silver was at ₹70,922 per kilogram. In one year, the yellow metal of 24-carat purity has become more expensive by ₹24,990 and that of 22-carat purity by ₹22,890. Meanwhile, the price of silver has increased by ₹26,644 per kg during the same period. Yellow metal gave 14% return since Jan 1 In just 36 business days from January 01 to February 19, this year, the precious metal has become 14% more expensive. There has been an increase of ₹10,571 in 24-carat and ₹9,683 in 22-carat gold prices, during this period. On December 31, 2024, the rate of 24-carat of the precious metal was 76,162 and that of 22-carat was at ₹69,764 per 10 grams. So far in February, the rates of the oldest commodity known to mankind has risen by 5.7%. There has been an increase of ₹4,647 in 24-carat and ₹4,256 in 22-carat gold. Silver still cheaper by ₹1,296 from record levels
The price of silver increased by ₹1,543 on Wednesday to ₹97,566 per kilogram. However, it was still ₹1,296 (1.31%) below the record levels of ₹98,862 per kg on October 23, 2024. According to the India Bullion and Jewelers Association (IBJA), the white metal has become 13.4% more expensive so far this year. In 2025, its price has increased by ₹11,549 per kg. Gold May Reach ₹90,000 This Year Ajay Kedia, Director of Kedia Advisory, predicts that gold could touch ₹90,000 per 10 grams in 2025. Factors like interest rate cuts in the U.S. and U.K., geopolitical tensions, and increasing investment in Gold ETFs are pushing demand higher.