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Gold Price Rises In India, Feb 19: How Much Gold Likely To Get Dearer By Year End?

Gold Price Rises In India, Feb 19: How Much Gold Likely To Get Dearer By Year End?

Gold price witnessed rally yet again in India as investors shift their focus to peace dialogue after US President Donald Trump agreed for more talks with Russia on ending the ongoing war in Ukraine. 24k gold price today rallied by Rs 700 to Rs 87,650/10 grams and 100 grams price stood at Rs 8,76,500 after surge of Rs 7000. 22K gold price today zoomed by Rs 650 to Rs 80,350/10 grams and 100 grams of 22k yellow metal price surged by Rs 6,500 to Rs 8,03,500 in the country.

18K gold price today rose by Rs 530 to Rs 65,740/10 grams and 100 grams of 18k precious metal prices gained by Rs 5,300 to Rs 6,57,400 on Wednesday. Meanwhile, 1 gram gold price for 24k stood at Rs 8765 after gain of Rs 70, 1 gram gold price for 22k surged by Rs 65 to Rs 8035, and 1 gram of 18k precious metal prices zoomed by Rs 53 to Rs 6,574, according to Goodreturns.in.

Gold Price Rises In India, Feb 19: How Much Gold Likely To Get Dearer By Year End?

How Much Gold Prices Jumped Since Feb 1 To Feb 19?

Gold prices have been rising sharply this month. 22k/10 grams gold price in India on Feb 1, 2025 stood at Rs 77,450/10 grams. Today, 22k/10 grams gold price crossed the 80k mark yet again to retail at Rs 80,350/10 grams. It indicated a rally of 3.74% since Feb 1 to Feb 19, 2025 in India.

Goldman Sachs Raises Gold Price Forecast By Year End

Recently Goldman Sachs on Feb 17, 2025 increased its year-end 2025 gold price forecast to $3,100 per ounce, up from $2,890, highlighting continued central bank demand. It anticipates that “structurally higher central bank demand will add 9% to the gold price by year-end, which combined with a gradual boost to ETF holdings as the funds rate declines,” according to Reuters.

Spot Gold Prices Today

Spot gold declined 0.2% at $2,930.38 an ounce, as of 0531 GMT, but was only $12 shy of its all-time high of $2,942.70 touched last week. On the other hand, spot silver declined 0.4% to $32.73 an ounce. Platinum slipped 1.2% to $975.40 and palladium dipped 1% at $976.84, added the Reuters report.

22k Gold Price In Last 5-Days In India (for 1 gram)

1 gram of 22k gold price in India today zoomed by Rs 65, rallied by Rs 30 on Feb 18, zoomed by Rs 50 on February 17, remained flat on February 16, and slipped by Rs 100 on February 15.

Silver Prices Today In India

1 kg Silver prices in India on February 19, 2025 continues to remain steady. The prices of silver have been flat since Feb 15, 2025. 1kg silver price in the country today stood at Rs 1,00,500. 100 grams silver prices today are retailing at Rs 10,050.

1 Gram gold rate today In key metro cities and states of India on Feb 19, 2025

City22k Gold Price Per Gram
Chennai Gold Price Today 22 carat gold rate is Rs 8,035
Mumbai Gold Price Today22K gold price is Rs 8,035
Delhi Gold Rate Today22K yellow metal price is Rs 8,045
Kolkata Gold Price Today22 carat gold price is Rs 8,035
Bangalore Gold Price Today22K gold rate is Rs 8,035
Hyderabad Gold Prices Today22 carat gold rate is Rs 8,035
Kerala Gold Prices Today22 carat gold rate is Rs 8,035
Gold Price In Lucknow Today22 carat gold price is Rs 8,045
Patna Gold Rate Today 22k precious metal price is Rs 8,035

(Gold price figures source: Goodreturns.in)

Disclaimer: The story highlights gold prices and should not be considered an investment advice by Moneydaily.in or the author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult an expert before making any investment decisions.

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