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:
-
Delhi: 24-carat gold at ₹1,02,750; 22-carat at ₹94,200 per 10 grams
-
Mumbai: 24-carat at ₹1,02,600; 22-carat at ₹94,050
-
Kolkata: 24-carat at ₹1,02,600; 22-carat at ₹94,050
-
Chennai: 24-carat at ₹1,02,600; 22-carat at ₹94,050
-
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.
Leave a Comment