Gold prices continue to rise, prices again cross Rs 97,000

New Delhi: The upward trend in gold prices continues and the price of 10 grams of 24 carat gold has again crossed Rs 97,000. According to the India Bullion Jewelers Association (IBJA), the price of 24 carat gold rose by Rs 605 on Wednesday to Rs 97,493 per 10 grams, which was earlier Rs 96,888.

Gold prices have been rising since the beginning of this week. In the last three trading sessions, the price of 10 grams of 24 carat gold has increased by more than Rs 3,500. On May 3, it was at Rs 93,954. The price of 22 carat gold has increased to Rs 95,150 per 10 grams, the price of 20 carat gold has increased to Rs 86,770 per 10 grams and the price of 18 carat gold has increased to Rs 78,970 per 10 grams.

Lexus India announces resumption of bookings for LM 350h

Gold prices have also increased internationally. The price of gold is at $3,400 an ounce, which was close to $3,200 an ounce on May 1. Along with gold, silver prices are also seeing an increase. The price of one kg of silver has increased by Rs 279 to Rs 96,133 per kg. Earlier, the price of silver was Rs 95,854 per kg.

Experts say that due to increasing global tensions, people are investing in gold which is considered safe. Apart from this, gold investors are waiting for the decision of the US Fed. A cut in interest rates may support gold prices.

Since the beginning of 2025, gold has given a tremendous return of about 27 percent to investors. Since January 1, the price of 10 grams of 24 carat gold has increased by Rs 21,321 from Rs 76,162 to Rs 97,493.