New Delhi, December 18, 2024: Gold and silver prices witnessed a significant rise today. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold increased by ₹208, reaching ₹76,570. Previously, it was priced at ₹76,362 per 10 grams. Similarly, silver prices rose by ₹425, reaching ₹88,950 per kilogram, compared to ₹88,525 earlier.
Latest Gold Prices (per 10 grams):
- 24 Carat: ₹76,570
- 22 Carat: ₹70,138
- 18 Carat: ₹57,428
Gold Prices in Major Indian Cities:
- Delhi: 24 Carat Gold ₹79,990, 22 Carat Gold ₹71,500
- Mumbai: 24 Carat Gold ₹77,840, 22 Carat Gold ₹71,350
- Kolkata: 24 Carat Gold ₹77,840, 22 Carat Gold ₹71,350
- Chennai: 24 Carat Gold ₹77,840, 22 Carat Gold ₹71,350
- Bhopal: 24 Carat Gold ₹77,890, 22 Carat Gold ₹71,400
Expert Insights:
Ajay Kedia, Director of Kedia Advisory, predicts further increases in gold prices in the coming months. He estimates that by June 2024, gold prices could reach ₹85,000 per 10 grams.
Key Points to Consider While Buying Gold:
- Buy Certified Gold: Always opt for BIS Hallmarked gold, which guarantees purity.
- Check Prices: Prices vary by carat (24, 22, 18); ensure you verify the correct rate before purchasing.
This rise in gold and silver prices could present a lucrative opportunity for investors, but seeking expert advice before making purchases is crucial.
