Gold Rate Today: Gold became more expensive today, the price of 10 grams beyond 1 lakh, know the latest rate – Cross Talk India
Gold Rate Today: The price of gold is moving at the speed of the bullet train. Today, gold has again become expensive by Rs 1800. The All India Bullion Association has given this information. Meanwhile, this precious metal was supported due to Akshaya Tritiya and the expectation of increasing demand during the wedding season. According to the All India Bullion Association, gold of 99.9 percent purity rose by Rs 1,800 to an all -time high of Rs 1,01,600 per 10 grams. Gold closed at Rs 99,800 per 10 grams on Monday. Akshaya Tritiya is on April 30, which is considered the most auspicious day to buy gold. The wedding season in the country will continue till the end of May. From December, 2024, gold has become expensive by Rs 22,650 per 10 grams or about 29 percent. Meanwhile, silver prices remained stable at Rs 98,500 per kg on Tuesday.
Why the price of gold increased
The demand for safe investment is increasing due to economic uncertainties globally, due to which gold has been steadily rapid. Due to this, there is a rise in the price of gold. Central banks from all over the world are shopping for gold. At the same time, the dollar is getting weaker. All these factor together are increasing the price of gold.
28% bumper returns in last one year
If we talk about the last one year, gold has given more than 28% returns to its investors. In such a situation, if an investor would have invested Rs 100000 in gold a year ago, then his money would have increased to ₹ 128000 in today’s date. Let us tell you that in 2025 till now gold has given a return of about 12%. At the same time, gold gave a return of 20.3% in 2024. Let us tell you that in the last 25 years, gold has given negative returns only twice. At the same time, the average return of gold has been better than the stock market since 2005. Since 2000, gold has given better returns from the stock market, given a return of 2000 to 2,027%, while the stock market has given 1,470% return. At the same time, in the last one year the stock market has given about 8% and FD has given 6.8% return to investors.
Will this fast continue like this?
Experts in the bullion market say that this boom will not continue forever. Gold will also decline. However, when this will happen, it is difficult to say now. Yes, if the ongoing trade war is over in the US and China, then gold may come in profit. The price of gold can break up to Rs 83,700 per 10 grams. Expressives to persuade that positive trade talks between the US-China and other countries will put a brake on the boom of gold. However, gold has strong support at the level of 89700 ($ 3080), 86500 ($ 2975), 83700 ($ 2865).
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