India Bullion and Jewellers Association Reports Increase
(ECONOMY INDIA): In the In dian bullion market, gold and silver prices have risen today, September 11, 2024. Gold has crossed ₹72,000 per 10 grams, reflecting a significant jump in rates.
Gold Prices on the Rise
According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold was ₹71,590 per 10 grams on Tuesday evening. Today, it has increased to ₹71,994 per 10 grams. This marks a ₹404 rise in the price of gold.
Silver Prices Also Climb
Silver has seen a notable increase as well. Its price has jumped by ₹1,200, reaching ₹83,407 per kilogram. This surge follows a previous price of ₹82,207 per kilogram.
Market Trends and Expert Opinions
Experts suggest that gold could potentially reach ₹74,000 per 10 grams by the end of the year. Silver might rise to ₹87,000 per kilogram. “The increasing trend in gold and silver prices is expected to continue in the near future,” said Anuj Gupta, Head of Commodities and Currencies at HDFC Securities.
Current Rates in Major Cities
- Delhi: ₹73,400 per 10 grams for 24-carat gold.
- Mumbai: ₹73,250 per 10 grams for 24-carat gold.
With the continuous rise in gold and silver prices, investors and buyers should keep a close watch on the market. The ongoing increases highlight the need for careful consideration before making any purchases or investments.
(Economy India)
