Gold prices reach new all time high
Gold and silver reached all time high today i.e. on 3rd April, 2024. According to the website of India Bullion and Jewelers Association (IBJA), 10 grams of gold became costlier by Rs 295 to Rs 69,256 during trading. So far this year, the price of gold has increased by Rs 5,954 in just 3 months. On January 1, gold was at Rs 63,302.
Silver has also reached all time high today. It became costlier by Rs 1,537 and reached Rs 77,664 per kg. Earlier it was at Rs 76,127. Silver had earlier made an all-time high of 77,073 on December 4 last year, i.e. in 2023.
Gold price according to carat
| Carat | Rate (Rs/10gm) |
| 24 | 69,256 |
| 22 | 63,686 |
| 18 | 52,145 |
4 reasons for the rise in gold
- Fear of worldwide recession in 2024
- Demand for gold increased due to wedding season
- Central banks around the world are buying gold
- Geopolitical tension remains
Gold became costlier by more than Rs 4 thousand in March
There was a spectacular rise in the price of gold in the last month i.e. March. On March 1, gold was at Rs 62,592 per gram, which reached Rs 67,252 per gram on March 31. That means its price increased by Rs 4,660 in March. At the same time, silver also increased from Rs 69,977 to Rs 74,127 per kg.
