Gold has become so expensive after holi now you will have to think 100 times to buy 10 grams

Gold Price: Gold prices were getting less than several days. But, the kind of speed that gold and silver have shown after Holi have made a new record. Let us tell you, gold on MCX in the domestic market reached a new peak of 88,310 per 10 grams, while in the international market it reached a high level of $ 3,004.90 an ounce.

So far this year, the price of gold has seen an increase of about 14 percent, due to which there are many economic and geopolitical factors. In this bull trend, silver prices also climbed up rapidly. Silver on MCX reached a new record of Rs 1,01,999 per kg on Friday.

Why the price increased so fast

There are 5 major reasons for increasing the price of gold and silver.

Economic uncertainty from the US tariff policy: The fluctuations in the US President’s tariff decisions have affected the global trade, increasing the demand for gold.

Hope of Rate Cut of American Fed: CPI and PPI data have surpassed market expectations, which has increased the possibility of rate cut in June.

Dollar weakness: Dollar index has fallen by more than 4 percent this year, making gold attractive to investors.

Shopping for Central Banks: Global Central Banks are constantly buying gold. For the last three years, more than 1000 tonnes of gold has been purchased every year.

Shift from equity to gold: Investors are turning from equity to gold due to uncertainty in global trade policies.

What will happen next?

Further gold prices will go up or their prices will fall from the policy meetings of Bank of England and Bank of Japan and US retail sales data. Apart from this, geopolitical events can also affect the price of gold. Any new twist in Russia-Ukraine conflict or tariff war can also make gold expensive.

What is the rate of gold in your city

According to HT’s report, the price of gold in Delhi today is Rs 89,963 per 10 grams. Yesterday i.e. on 14 March 2025 it was Rs 88,163 per 10 grams. At the same time, the price of gold in Chennai today is Rs 89,811 per 10 grams. Yesterday it was Rs 88,011 per 10 grams.

While the price of gold in Mumbai today is Rs 89,817 per 10 grams. Yesterday it was Rs 88,017 per 10 grams. In Kolkata today, the price of gold is Rs 89,815 per 10 grams. Yesterday it was Rs 88,015 per 10 grams.

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