Gold crosses ₹1.25 lakh per 10 grams for first time:Silver increases by ₹850 to ₹1.76 lakh per kg, an all-time high

Gold prices today, on the occasion of Pushya Nakshatra (October 13), have crossed one and a quarter lakh for the first time.
According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold has increased by ₹1,527 to ₹1,25,682. Earlier on Monday, it was at ₹1,24,155. Meanwhile, silver prices have increased by ₹850 in a single day, reaching ₹1,76,175 per kg, which is also its all-time high. On Monday, it was at ₹1,75,325.
According to experts, silver prices are continuously rising due to the festive season, industrial demand, and a global shortage of supply coupled with increased demand. Gold price by Carat Gold price in major cities of the country This year, gold became ₹49,520 and silver ₹90,158 more expensive. So far this year, the price of gold has increased by 49,520 rupees. On December 31, 2024, 10 grams of 24-carat gold was ₹90,158, which has now become ₹1,25,682. The price of silver has also increased by 89,308 rupees during this period. On December 31, 2024, the price of one kilogram of silver was ₹86,017, which has now become ₹1,76,175 per kilogram. Gold can go up to ₹1.55 lakh According to a recent report by Goldman Sachs, the bank has set a target of $5000 per ounce for gold by next year.
At the current exchange rate, this would be approximately ₹1,55,000 per 10 grams. Sandeep Raichura, Director of brokerage firm PL Capital, said that gold could go up to ₹1,44,000 per 10 grams. Three major reasons for the surge in gold prices Silver prices are rising for 3 reasons Now is not the right time to invest in gold According to Ajay Kedia, Director of Kedia Advisory, gold has risen by about 60% this year, so there is little expectation of a short-term rally going forward. People might book profits. However, investing in it for the long term could be beneficial. Keep these 2 things in mind when buying gold 1. Buy only certified gold: Always buy certified gold with the Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric, for example, AZ4524. Hallmarking indicates the caratage of the gold. 2. Cross-check the price: Cross-check the correct weight of the gold and its price on the day of purchase from several sources (such as the India Bullion and Jewelers Association website). The price of gold varies for 24 carat, 22 carat, and 18 carat. ​