Gold prices have surged once again, reclaiming the Rs 89,000 mark per 10 grams in the national capital on Monday. According to the All India Sarafa Association, the price of gold increased by Rs 350, reaching Rs 89,100 per 10 grams, driven by strong global trends.
Gold Prices in Jammu and Kashmir as of now
- 22 Carat Gold: ₹8,155 per gram
- 24 Carat Gold: ₹8,563 per gram
Gold prices in Jammu and Kashmir have seen a slight increase today.
Gold Price Trends & Market Analysis
Gold of 99.9% purity closed at Rs 88,750 per 10 grams on Friday, and its latest rise marks a steady uptrend in the precious metals market. Similarly, gold of 99.5% purity increased by Rs 350 to Rs 88,700 per 10 grams, up from its previous close of Rs 88,350 per 10 grams.
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Why Are Gold Prices Rising?
Financial experts attribute this surge to geopolitical uncertainties and ongoing trade tensions, which have increased gold’s appeal as a safe-haven asset. Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, stated, “Gold traded with a modest gain on Monday as geopolitical and trade tensions continued to provide a safe-haven demand to hedge against uncertainty.”
Recent Peak Prices & Silver Market Updates
Last week, gold of 99.9% and 99.5% purity hit record highs of Rs 89,450 and Rs 89,050 per 10 grams, respectively. Meanwhile, silver prices remained steady at Rs 1 lakh per kg.
1 Gram 22 Carat Gold Price in Jammu and Kashmir (INR)
| Gram | 22ct Today | 22ct Yesterday | Price Change |
|---|---|---|---|
| 1 gram | ₹8,155 | ₹8,145 | ₹10 |
| 8 gram | ₹65,240 | ₹65,160 | ₹80 |
| 10 gram | ₹81,550 | ₹81,450 | ₹100 |
| 100 gram | ₹8,15,500 | ₹8,14,500 | ₹1,000 |
The above gold rates are indicative and do not include GST, TCS, and other levies. For exact rates, contact your local jeweler.
Impact of US Dollar on Gold Prices
The US dollar’s weakening has also contributed to gold’s price rise. Over the past three weeks, the dollar index has declined, with mixed US macroeconomic data influencing global markets. Experts suggest that further depreciation of the dollar may continue to support rising gold prices.
MCX & International Market Trends
- On the MCX (Multi Commodity Exchange), gold contracts for April delivery appreciated by Rs 118, reaching Rs 86,128 per 10 grams.
- Comex gold futures for April delivery traded higher at USD 2,954.71 per ounce.
- Globally, spot gold rose by USD 5.50 to USD 2,941.55 per ounce.
Jateen Trivedi, VP Research Analyst at LKP Securities, commented, “Gold traded within a range, posting minor gains, supported by Comex gold holding above USD 2,925. Rupee weakness provided additional support to MCX gold.”
Future Outlook for Gold & Silver
According to Chintan Mehta, CEO of Abans Holdings, gold prices may continue to hover near all-time highs due to ongoing geopolitical and economic uncertainties. “Gold’s rally is expected to persist as central banks globally continue to accumulate gold to hedge against economic volatility and policy uncertainty,” Mehta added.
In contrast, silver futures declined slightly, quoting 0.43% lower at USD 33.20 per ounce in Asian market hours.
Key Factors to Watch
Investors and traders in Jammu & Kashmir should keep an eye on the upcoming Personal Consumption Expenditures (PCE) data release, which will provide insights into the US Federal Reserve’s monetary policy. Since the Fed’s policy significantly influences gold’s investment appeal, any major shifts in economic policy could impact gold prices in the near future.
Historical Gold Rate in Jammu and Kashmir (10g)
| Date | 22ct Gold | 24ct Gold |
| February 23, 2025 | ₹81,450 | ₹85,520 |
| February 22, 2025 | ₹81,450 (+200) | ₹85,520 (+210) |
| February 21, 2025 | ₹81,250 (+450) | ₹85,310 (+480) |
| February 20, 2025 | ₹81,700 (+350) | ₹85,790 (+370) |
| February 19, 2025 | ₹81,350 (+650) | ₹85,420 (+680) |
| February 18, 2025 | ₹80,700 (+300) | ₹84,740 (+320) |
| February 17, 2025 | ₹80,400 (+500) | ₹84,420 (+520) |
| February 16, 2025 | ₹79,900 | ₹83,900 |
| February 15, 2025 | ₹79,900 (+900) | ₹83,900 (+940) |
| February 14, 2025 | ₹80,800 | ₹84,840 |
The above gold rates are indicative and do not include GST, TCS, and other levies. For exact rates, contact your local jeweler.
With gold prices fluctuating near record highs, residents of Jammu & Kashmir who invest in gold should closely monitor market trends. Whether purchasing for investment or traditional purposes, staying informed about price movements and global economic factors will be essential in making sound financial decisions.
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