Gold Price Reaches All-Time High: Why the Precious Metal's Price is Surging and What Price is Anticipated by Year-End
Gold prices have reached an all-time high on September 3. According to the India Bullion and Jewelers Association (IBJA), today gold price has increased by Rs 1,214 to Rs 1,05,638 per 10 grams. Earlier gold was at Rs 1,04,424.
At the same time, silver price has increased by Rs 137 to Rs 1,22,970 per kg. Earlier its price was Rs 1,22,833. Silver had made an all-time high of Rs 1,23,250 on August 1.
Price of 10 grams of gold in 4 metros including Bhopal
Delhi: Price of 24 carat gold Rs 1,07,120 and price of 22 carat gold Rs 98,200
Mumbai: Price of 24 carat gold Rs 1,06,970 and price of 22 carat gold Rs 98,050
Kolkata: Price of 24 carat gold Rs 1,06,970 and price of 22 carat gold Rs 98,050
Chennai: Price of 24 carat gold Rs 1,06,970 and price of 22 carat gold Rs 98,050
Bhopal: Price of 24 carat gold Rs 1,07,020 and price of 22 carat gold Rs 98,100
Price of gold has increased by Rs 29,476 in 2025 so far
This year, from January 1 till now, the price of 10 grams of 24 carat gold has increased by Rs 29,476 and reached Rs 1,05,638 from Rs 76,162. At the same time, the price of silver has also increased by Rs 36,816 and reached Rs 1,22,833 from Rs 86,017 per kg. At the same time, last year i.e. in 2024, gold became costlier by Rs 12,810.
Gold can go up to Rs 1 lakh 8 thousand by year end
According to experts, geopolitical tension remains due to US tariffs. This is supporting gold and its demand is also increasing. In such a situation, this year gold can go up to Rs 1 lakh 8 thousand per 10 grams. At the same time, silver can go up to Rs 1 lakh 30 thousand this year.
Why gold price is surging?
Fear of trade war: Due to Trump's tariff plan and fear of trade war, investors are buying gold considering it safe.
China, Russia buying gold: Countries like China and Russia are buying gold in large quantities, which has increased the demand.
Instability caused by war: Due to the instability caused by the Russia-Ukraine war not ending, people are increasing investment in gold.
Besides, fear of inflation and low interest rates of the Federal Reserve have made gold attractive.
Gold is also becoming expensive due to the fall in rupee against dollar.