Gold and silver prices rise: Gold reaches ₹97,021 and silver reaches ₹1.08 lakh per kg
Gold and silver prices have increased significantly this week. According to IBJA (India Bullion and Jewellers Association) data:
Gold price increase:
June 28 (Saturday): ₹95,784 (10 grams)
July 5: ₹97,021 (10 grams)
Increase: ₹1,237 (weekly)
All-time high (June 18): ₹99,454
Silver price increase:
June 28 (Saturday): ₹1,05,193 (1 kg)
July 5: ₹1,07,580 (1 kg)
Increase: ₹2,387 (weekly)
All-time high (June 18): ₹1,09,550
Gold prices in 5 metros (As of 10 grams, July 5):
City 24 carat (₹) 22 carat (₹)
Ahmedabad 97,337 89,161
Delhi 98,980 90,970
Mumbai 98,830 90,600
Kolkata 98,830 90,600
Chennai 98,830 90,600
Bhopal 98,880 90,650
Gold and silver price fluctuations in 2024:
From January 1 to date:
Gold: ₹76,162 → ₹97,021 (Increase: ₹20,859)
Silver: ₹86,017 → ₹1,07,580 (Increase: ₹21,563)
Annual increase in 2023: Gold increases by ₹12,810.
Future projections:
According to Ajay Kedia of Kedia Advisory:
Gold: May reach ₹1,03,000/10 grams (due to factors like geopolitical tensions, Israel-Iran war).
Silver: May rise to ₹1,30,000/kg.
Gold and silver prices in India are likely to rise further due to volatility in international markets and weakness of the dollar.
Article published | Sat | 05 Jul 2025 | 9:10 PM