Gold prices are down today, February 12th. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has fallen by Rs 388 to Rs 85,093. Earlier on February 11, gold had closed at Rs 85,481. It had opened at Rs 85,903, which is its all-time high. However, silver prices are up today. The price of one kilogram of silver has increased by Rs 230 to reach Rs 94,400 per kilo. Yesterday, the silver rate was Rs 94,170 per kilo. Silver made its all-time high on October 23, 2024, when it reached Rs 99,151 per kilogram. Gold has become costlier by ₹8,931 since January 1 This year, that is from January 1 until now, the price of 10 grams of 24 carat gold has increased by 8,931 rupees from 76,162 rupees to 85,093 rupees. Similarly, the price of silver has also increased by 8,383 rupees from 86,017 rupees per kilo to 94,400 rupees. Gold prices in 4 metro cities and Bhopal Gold gave 20% and Silver gave 17% returns in 2024
Last year gold prices increased by 20.22%. Meanwhile, silver prices saw an increase of 17.19%. 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. During this period, the price of one kilogram of silver increased from Rs 73,395 per kilogram to Rs 86,017 per kilogram. Gold may reach up to 90 thousand rupees this year Kedia Advisory's Director Ajay Kedia says that after a big rally, a decline in gold was expected, which has already occurred. After the US, the UK has cut interest rates and geopolitical tensions are increasing, providing support to gold. Meanwhile, investment in Gold ETFs is also increasing, which is boosting the demand for gold. In such a scenario, gold may reach up to 90 thousand rupees per 10 grams this year. Buy Only Certified Gold
Always buy certified gold with Bureau of Indian Standards (BIS) hallmark. Gold has a 6-digit hallmark code. This is called the Hallmark Unique Identification Number or HUID. This number is alphanumeric, like this – AZ4524. Through hallmarking, it is possible to determine how many carats a gold piece is.Original Article