There is a tremendous rise in gold prices in markets around the world. The Indian market was also not untouched by this. After crossing the Rs 1 lakh mark in the retail market, now the gold has reached a record high in the Futures Market. On Tuesday, Gold created a new history and touched a level of Rs 1,00,000 per 10 grams for the first time.
Big jump in gold price
According to the India Bullion and Jewelers Association (IBJA), the price of 24 carat gold has increased to Rs 1,00,000 per 10 grams. Earlier, the price of gold was Rs 96,670. That is, there has been a tremendous rise of Rs 3,300 per 10 grams in the last 24 hours.
The price of 22 carat gold has increased to Rs 97,600 per 10 grams.
20 carat gold rose to Rs 89,000 per 10 grams.
The price of 18 carat gold has also increased to Rs 81,000 per 10 grams.
This increase shows that investors are rapidly attracted towards gold.
New height in gold on MCX too
Gold prices on the Multi Commodity Exchange (MCX) have also reached close to the historical figure of Rs 1 lakh per 10 grams. On Tuesday, June futures on MCX reached an all -time high of Rs 99,178 per 10 grams.
This price is about Rs 1,900 more than the previous trading session. Now gold is only 833 rupees away from the magic figure of 1 lakh.
If we talk about physical market, then gold was being sold at Rs 97,200 per 10 grams without GST. After adding 3% GST, its rate went above Rs 1 lakh, which has increased the glow of gold further.
Gold is making a new record every day
Gold first crossed Rs 98,000 as soon as the market opened on Tuesday morning and also crossed a level of Rs 99,000 in a few minutes. This boom was not limited to India only. Gold has also broken all the old records in the international market. Comex Gold reached a level of $ 3,504.12 an ounce, which is the highest level ever.
Why is the demand for gold increasing?
The demand for gold has increased due to increasing economic uncertainty worldwide. Former US President Donald Trump’s tariff and trade policy have created instability in global stock markets. The possibility of weakness in US dollar and global recession has diverted to investors in search of safe investment options.
According to Kotak Securities, gold prices are also being supported by increasing trade tension between the US and China and pressure on the Federal Reserve.
How much gold has climbed so far?
If we talk about the last few months, then gold has become expensive by about Rs 22,918 since 31 December 2024. That is, gold has given a return of about 30% so far this year.
Since 2 April 2025, gold futures have rose by about 9.5%.
Gold has jumped more than Rs 9,000 in the month of April, out of which a rise of Rs 6,000 has been seen in the last one week.
Silver shine also remains intact
Along with gold, silver prices are also getting stronger. Silver rose by Rs 550 to Rs 95,850 per kg in May futures on MCX. On Monday, the price of silver was Rs 95,247 per kg.
The all -time high of silver is Rs 1,04,072 per kg, and in view of the current boom, silver can soon reach its highest level.
Should you now invest in gold?
Given the current boom of gold, many investors are in a dilemma whether to invest now or wait a little.
If your plan is of long term investment, then gold still remains a strong option.
But it is advisable for short -term investors to take some precautions as a sudden profit booking may occur in prices, causing a slight decline possible.
conclusion
Gold has given spectacular returns to investors so far this year and it is likely to remain in view of the current conditions. If you want to invest from a long -term perspective, gold can still prove to be a safe and beneficial option. However, short term should be prepared for fluctuations.
