Indore
The price of gold in Indore has made a new record. 24 carat gold has reached a price of Rs 87,200 per 10 grams. In the last seven months, the price of gold has increased by about Rs 16,300.
Currently there are many reasons behind the rise in gold prices. The President’s change in the US has increased geopolitical tension, interest rate cuts by the Federal Reserve Bank and China’s gold procurement policy are the major reasons. Apart from this, the weakness of the rupee against the dollar and rising inflation has also supported gold prices. Investors are turning to gold as a safe investment due to the instability in the stock market.
Currently 22 carat gold is trading at Rs 79,900, 20 carats 72,650 and 18 carats at Rs 65,400 per 10 grams.
There has been a slight fall in silver prices, which has come down by Rs 700 to Rs 95,000 per kg. Experts believe that gold can reach Rs 90,000 and silver at Rs 1.10 lakh per kg in the coming time.
Gold has come on an all -time high on 11 February. What will be the attitude next, will gold cross one lakh rupees, how far will the prices of silver go, what has been the trend of gold and silver since July.
Gold became 9,206 expensive since January 1
This year i.e. since January 1, the price of 10 grams 24 carat gold has increased from Rs 76,162 to Rs 9,206 to Rs 85,368. At the same time, silver price has also increased from Rs 86,017 per kg to Rs 8,923 to Rs 94,940.
Gold and silver continue to rise in the bullion market. Talking about the figures for the last 7 months, gold has become expensive by Rs 16,300 and silver to 14000 thousand. According to experts, there is a possibility of continuing continuing to continue in them.
The golden attitude of US President Donald Trump shone gold and silver shone well. Gold played the journey till date by winning the election of Trump in a very brilliant way and gave his investors a return of up to 8.5 per cent in just 3 months.
Federal Reserve Bank cut interest rates
During August to February, the Federal Reserve Bank has cut 1 percent interest rate in three times. As soon as Donald Trump won the election, due to his unexpected policies and tariff policy, there was a tremendous rise in gold last month.
The game of upset continues continuously
Further, due to the vague behavior of Trump and unpredictable policies, there will be a continuation of gold and silver. Therefore, for investors, the strategy of Buy & Dips to buy at the bottom rates will prove to be effective and at the same time it should be made profit booking at high rates. Gold is expected to be between 75 thousand and 88 thousand rupees in the year 2025. At the same time, silver can live between 85 thousand to 1 lakh 5 thousand rupees.
Gold and silver prices in Bhopal
On February 11, there was a rise in gold and silver prices in Bhopal. According to www.bullions.co.in, the price of 22 carat gold was Rs 78,220 per 10 grams, which was Rs 77,880 in the previous day. 24 carat gold reached Rs 85,340 per 10 grams, which was Rs 84,960 in the previous day. The price of silver was Rs 95,670 per kg, which was Rs 95,580 in the previous day.
What is the price of gold and silver in Indore
Gold has crossed 87 thousand rupees in Indore, the financial capital of Madhya Pradesh. Silver is available here at Rs 95,700 kg.
Always buy gold with hallmark
It is necessary to take care while shopping for gold. Always buy gold with hallmark. Hallmark gold is a government guarantee of purity. BIS determines the hallmark in India. The hallmark points of each carat vary. Therefore, while buying gold, do check the hallmark. Due to not doing so, there is a risk of getting adulterated gold.
International market fluctuations
The main reason for the rise in gold prices is the fluctuations in the international market. Gold-silver prices have risen since the change in the rules of America’s Federal Reserve. This fluctuations have increased even more since the Indian budget. Experts estimate that by the end of this year, gold can cross Rs 95,000 per 10 grams.
