Gold and silver prices touched record highs today, 28 August, according to the India Bullion and Jewellers Association (IBJA). Gold rose by ₹622 to reach ₹1,01,506 per 10 grams, up from its previous close of ₹1,00,884. Meanwhile, silver increased by ₹1,240, reaching ₹1,17,110 per kilogram, compared to ₹1,15,870 earlier.
Gold Prices in Major Cities:
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Delhi: 24-carat gold at ₹1,02,750; 22-carat at ₹94,200 per 10 grams
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Mumbai: 24-carat at ₹1,02,600; 22-carat at ₹94,050
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Kolkata: 24-carat at ₹1,02,600; 22-carat at ₹94,050
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Chennai: 24-carat at ₹1,02,600; 22-carat at ₹94,050
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Bhopal: 24-carat at ₹1,02,500; 22-carat at ₹94,100
Gold Became Costlier by ₹25,344 So Far This Year
Since 1 January this year, the price of 24-carat gold has increased by ₹25,344, from ₹76,162 to ₹1,01,506 per 10 grams. Similarly, silver has jumped by ₹31,093 per kg, rising from ₹86,017 to ₹1,17,110. In comparison, last year gold became costlier by ₹12,810.
Gold May Reach ₹1.04 Lakh This Year
Ajay Kedia, Director of Kedia Advisory, said that ongoing US tariff issues and geopolitical tensions are supporting gold prices and boosting demand. He expects gold to touch ₹1,04,000 per 10 grams and silver to reach ₹1,30,000 per kg this year.
Buy Only Certified Gold
Always purchase gold with the Bureau of Indian Standard (BIS) hallmark. Certified gold comes with a six-digit hallmark code, known as the Hallmark Unique Identification Number (HUID), which looks like AZ4524. Hallmarking ensures you know the exact carat value of the gold you are buying.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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