This week saw a rise in gold prices. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold was ₹ 85,998 on February 15, which has now climbed to ₹86,092 as of February 22—an increase of ₹94 in one week. On the contrary, silver prices have skidded by ₹806 this week, reaching ₹97,147 per kilogram, up from ₹97,953 per kg last Saturday. Current Gold Prices in Major Cities: Gold Prices Up by ₹9,930 Since January 1 Since the beginning of the year, the precious metal prices have seen a significant jump. On January 1, 2025, the price of 10 grams of 24-carat gold was ₹76,162. It has since risen by ₹9,930 to reach ₹86,092. Silver prices have also increased substantially, rising from ₹86,017 per kg to ₹97,147, marking an ₹11,130 increase. 4 Reasons Behind the Gold Price Surge: Will Gold Reach ₹90,000 This Year? Ajay Kedia, Director of Kedia Advisory, believes that despite recent fluctuations, gold prices may continue to rise. With the US and UK cutting interest rates and geopolitical tensions escalating, demand for gold remains strong. Increasing investments in Gold ETFs are also driving demand. Based on these factors, Kedia predicts that gold prices could reach ₹90,000 per 10 gm by the end of 2024. 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 the carats of the gold piece.