Gold crosses ₹1 lakh mark for the first time, may rise further in coming months

24 July, 2025
Gold crosses ₹1 lakh mark for the first time, may rise further in coming months

Winning Bizness Desk

Mumbai. On July 23, 2025, the price of 24-carat gold reached a historic peak of ₹1,00,533 per 10 grams. This marks a jump of ₹1,025 from the previous rate of ₹99,508. Alongside gold, silver prices also surged by ₹1,357, reaching ₹1,15,850 per kilogram, up from ₹1,14,493, as per the India Bullion and Jewellers Association (IBJA).

Steep Hike Since Beginning of 2025

Since January 1, 2025, gold has become ₹24,371 costlier, rising from ₹76,162 to ₹1,00,533 per 10 grams. Silver has seen an even sharper increase. It has gone up by ₹29,833, climbing from ₹86,017 to ₹1,15,850 per kilogram. In comparison, gold rose only ₹12,810 in the entire year of 2024, showing a much faster rate of growth this year.

Current Gold Prices Across Indian Cities

Delhi: 24-carat at ₹1,02,480; 22-carat at ₹93,950

Mumbai: 24-carat at ₹1,02,330; 22-carat at ₹93,800

Kolkata: 24-carat at ₹1,02,330; 22-carat at ₹93,800

Chennai: 24-carat at ₹1,02,330; 22-carat at ₹93,800

Gold May Touch ₹1.04 Lakh in 2025

Bullion Market experts opine that global tensions caused by US tariffs and geopolitical uncertainty are pushing investors toward gold. As a safe asset, gold’s appeal is growing. Based on these trends, gold could climb to ₹1,04,000 per 10 grams, and silver might reach ₹1,30,000 per kilogram later this year.

Why Gold and Silver Are Getting Expensive

* Global uncertainty and trade-related tensions

* Strong domestic demand during the festive and wedding seasons

* Economic policies that affect gold imports

* Depreciating rupee making gold costlier

* Supply limitations in the international market

Buy Only BIS-Certified Gold

Consumers are advised to purchase only BIS-certified gold. Look for the six-digit Hallmark Unique Identification Number (HUID), such as AZ4524, engraved on the gold item. This helps verify the purity and type—whether it is 22-carat or 24-carat. Certified gold ensures transparency and quality assurance for buyers.

7 Key Points in a Nutshell

  • Gold has crossed ₹1,00,000 for the first time in India.
  • Silver also touched a record high of ₹1,15,850 per kilogram.
  • Gold has risen ₹24,371 since January 2025.
  • Silver has increased by nearly ₹30,000 this year.
  • Prices vary slightly across cities like Delhi, Mumbai, and Chennai.
  • Experts predict gold could hit ₹1.04 lakh and silver ₹1.30 lakh.
  • Always buy BIS-hallmarked gold with a valid HUID number.