New Delhi, 7 May (IANS). The trend of gold prices continues and 10 grams of gold of 24 carats has increased to Rs 97,000 again.
According to the India Bullion Jewelers Association (IBJA), the price of 24 carat gold rose by Rs 605 to Rs 97,493 per 10 grams on Wednesday, which was earlier Rs 96,888.
Since the beginning of this week, the prices of gold are seeing a rise. In the last three days, the price of 10 grams of gold of 24 carat has increased by more than Rs 3,500 in the trading sessions. It was at Rs 93,954 on 3 May.
The price of 22 carat gold has increased to Rs 95,150 per 10 grams, 20 carat gold price has increased to Rs 86,770 per 10 grams and 18 carat gold price has increased to Rs 78,970 per 10 grams.
Gold prices have also increased internationally. The price of gold is at $ 3,400 an ounce, which was close to $ 3,200 an ounce on May 1.
Along with gold, silver prices are also increasing. The price of one kilo of silver has increased by Rs 279 to Rs 96,133 per kg. Earlier, the price of silver was Rs 95,854 per kg.
Experts say that due to increasing global stress, people are investing in gold considered safe. Apart from this, gold investors are waiting for the decision of American Fed. Cut in interest rates can support gold prices.
Since the beginning of 2025, gold has given a tremendous return of about 27 percent to investors. Since January 1, the price of 10 grams 24 carat gold has increased from Rs 76,162 to Rs 21,321 to Rs 97,493.
-IANS
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