Zafar Iqbal
Gold Prices Reach Record High, Silver Takes a Dip
The price of gold in India saw a significant surge on Tuesday, February 4, 2025, reaching a record high of Rs 85,200 per 10 grams. This increase comes in the wake of Budget 2025, which has emphasized economic autonomy and financial stability. In contrast, silver prices witnessed a dip, falling by Rs 1,000 per kilogram.
Gold Prices in India Today
Gold prices across different carat values experienced a sharp rise:
- 22K Gold: Rs 7,810 per gram, Rs 78,100 per 10 grams (up by Rs 1,050), and Rs 7,81,000 per 100 grams (up by Rs 10,500).
- 24K Gold: Rs 8,520 per gram, Rs 85,200 per 10 grams (up by Rs 1,150), and Rs 8,52,000 per 100 grams (up by Rs 11,500).
- 18K Gold: Rs 6,390 per gram, Rs 63,900 per 10 grams (up by Rs 860), and Rs 6,39,000 per 100 grams (up by Rs 8,600).
Gold Prices in the International Market
On the global stage, gold prices remained close to previous highs:
- Spot Gold: Increased by 0.3% to $2,820.69 per ounce.
- U.S. Gold Futures: Declined by 0.2%, trading at $2,852.70 per ounce.
- Palladium: Rose by 1%, reaching $1,019.31 per ounce.
- Platinum: Increased by 0.7%, trading at $970.80 per ounce.
- Spot Silver: Climbed 0.2%, standing at $31.61 per ounce.
Silver Prices in India Today
While gold prices surged, silver prices saw a decline:
- Price per Gram: Rs 98.50.
- Price per 10 Grams: Rs 985 (down from Rs 995).
- Price per 100 Grams: Rs 9,850 (down from Rs 9,950).
- Price per 1 Kg: Rs 98,500 (down from Rs 99,500).
MCX Gold Outlook Today
According to Way2Wealth Brokers Pvt. Ltd., the gold market continues its upward trajectory for the fourth consecutive session, forming a bullish pattern. Analysts predict that if gold surpasses Rs 83,500, it could rise to Rs 83,800 – Rs 84,000. However, if the price drops below Rs 81,800, further corrections may lead it toward Rs 82,700 – Rs 83,000.
Gold & Silver Price Forecast
Nirmal Bang Securities Pvt. Ltd. noted that gold and silver are trading flat in international markets. However, uncertainty due to geopolitical factors and economic policies is likely to support higher price trends in India.
Gold & Silver Price Specification Table
| Metal | Carat | Price per Gram | Price per 10 Grams | Price per 100 Grams | Price per 1 Kg |
| Gold | 24K | Rs 8,520 | Rs 85,200 | Rs 8,52,000 | – |
| Gold | 22K | Rs 7,810 | Rs 78,100 | Rs 7,81,000 | – |
| Gold | 18K | Rs 6,390 | Rs 63,900 | Rs 6,39,000 | – |
| Silver | – | Rs 98.50 | Rs 985 | Rs 9,850 | Rs 98,500 |
Conclusion
The record surge in gold prices reflects investor confidence amid economic shifts, while silver prices dipped slightly. Analysts expect gold to maintain its strong position, with potential fluctuations based on market trends. Investors should stay updated on financial policies and seek expert advice before making investment decisions.
