New DelhiA few moments ago
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The possibility of recession has also increased due to America’s tariff policy. In such a situation, people are increasing their investment in gold.
Due to the increasing trade war and fears of recession between American-China, Sona can reach $ 4,500 an ounce in the international market this year. If you calculate the international rate, then the price of 10 grams of gold in India can go up to Rs 1.30 lakh.
Foreign Investment Bank Goldman Sachs has released this estimate. However, this will happen only when the risk of trade war and recession increases a lot. If the risk of trade war and recession does not reach the extra level, then the gold can still reach $ 3,700 an ounce.
Goldman released three estimates regarding gold:
- First estimate: In an estimate released in February 2025, Goldman had predicted the goldman to go up to $ 3,100 an ounce.
- second guessing: In an estimate released in March 2025, Goldman had predicted the goldman to go up to $ 3,300 an ounce.
- Third estimate: In an estimate released in April 2025, Goldman has predicted the goldman to go up to $ 3,700 an ounce.
3 reasons for gold boom:
- The threat of trade war has increased due to the US tariff policy. This can reduce the speed of economy growth. The possibility of global recession has also increased. In such a situation, people are increasing their investment in gold. Gold is considered a safe investment at the time of recession.
- Gold prices have risen due to the weakening of the rupee against the dollar. This is because when the rupee is weak, it costs more money to import it. This year, the rupee has fallen by about 4%, which has increased the pressure on gold prices.
- The weather of weddings is approaching, so the demand for gold jewelery is increasing. Jewelers in cities like Mumbai, Delhi and Chennai reported that sales are rising despite high prices, as people see gold as a symbol of investment and prosperity.
Right now for Rs 93,353 Gold on record high
Gold is currently on its record high. According to the India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold has reached ₹ 93,353. This year i.e. from January 1, till now, the price of 10 grams 24 carat gold is being sold from Rs 76,162 to Rs 17,191 i.e. 22.57% to Rs 93,353 per 10 grams.
Gold price in 4 metros and Bhopal
- Delhi : The price of 10 grams 22 carat gold is Rs 87,700 and 10 grams 24 carat gold is priced at Rs 95,660.
- Mumbai : The price of 10 grams 22 carat gold is Rs 87,550 and 10 grams 24 carat gold is priced at Rs 95,510.
- Kolkata : The price of 10 grams 22 carat gold is Rs 87,550 and 24 carat 10 grams of gold is priced at Rs 95,510.
- Chennai : The price of 10 grams 22 carat gold is Rs 87,550 and 10 grams 24 carat gold is priced at Rs 95,510.
- Bhopal : The price of 10 grams 22 carat gold is Rs 87,600 and 10 grams 24 carat gold is priced at Rs 95,560.
Keep these 3 things in mind while buying gold
1. Buy certified gold
Always buy a certified gold of the Bureau of Indian Standard (BIS) hallmark. Gold has a 6 -digit hallmark code. It is called Hallmark Unique Identification Number ie Huid. This number alphanumeric means something like this- AZ4524. It is possible to find out how many carats a gold is through hallmarking.
2. Cross check the price
Cross the right weight of gold and the day of purchasing the price of it with many sources (eg India Bullion and Jewelers Association’s website). The price of gold varies according to 24 carats, 22 carats and 18 carats. 24 carat gold is considered the pure gold, but its jewelery is not formed, because it is very soft.
3. Do not pay cash, take a bill
It is good to make payment through UPI (such as Bhima app) and digital banking instead of cash payment while buying gold. If you want, you can also pay through debit or credit card. After this, do not forget to take the bill. If ordered online, then check the packaging.
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