New Delhi. Gold is continuously touching new highs. The price of gold is increasing due to the festive season. The price of gold increased by Rs 600 per 10 grams on Friday. Due to this, the price of 10 grams of 24 carat i.e. pure gold became Rs 77410. At the same time, the price of 22 carat gold reached Rs 70908 and the price of 18 carat gold reached Rs 58058. This is a new record for the price of gold. Talking about this year, the price of gold has increased by Rs 14,000 since January.
On the other hand, the price of silver is also skyrocketing. According to the bullion market, the price of silver increased by Rs 683 on Friday. Due to this the price of 1 kg silver became Rs 92283. Earlier, the all-time high of silver was on May 29, 2024. On that date, 1 kg silver was worth Rs 94280. In this way, there is a rise in the prices of both the precious metals. This is the situation when the Central Government has reduced the custom duty on gold. It is believed that people are buying gold for investment. Because of this, gold is continuously becoming expensive.
It is Karva Chauth now. After this, the festival of Diwali is at the end of this month. People buy a lot of gold on Karva Chauth and Diwali. After these two festivals the wedding season is about to begin. People also buy gold and silver jewelery during marriages. In such a situation, there is less scope for reduction in the prices of gold and silver at present. Market experts have already said that in 2025 the price of gold can go up to Rs 1 lakh per 10 grams. In such a situation, buying gold can become like a dream for common people.
