Gold made records before budget, know the price of 10 grams

The budget of the Central Government will be presented on 2 February. Earlier, Finance Minister Nirmala Sitharaman will present the Economic Survey Report today. There has been a change in gold and silver prices before the budget. Sleeping has become expensive one day before the budget. There are hopes that the government may increase import duty on gold in the budget on 2 February 2025, which was reduced by the government in the last budget. If this happens, the price of gold will increase. One day before the budget, the price of 24 and 22 carat gold has increased by Rs 300 today.

Why is gold getting expensive before the budget?

Gold and silver prices are seen increasing before budget 2025. The biggest reason for this is the increasing demand of investors and common buyers. People are buying more gold as safe investment due to global market instability and change in American policies. Gold prices are continuously increasing due to this increasing demand. Experts believe that if the interest rates are reduced and uncertainty in the international market remains, then the prices of gold and silver may rise further.

Today silver prices also increased.

Silver prices increased on Friday, 31 January. The price of silver has increased by Rs 2,000 a day before the budget. The price of silver has increased to Rs 98,600 per kg. Silver is slightly below the record level of Rs 1 lakh.

Gold prices in these cities today

Gold and silver demand increased in India

Apart from this, the demand for gold during weddings and festivals in India increases considerably. Prices may increase further in the coming months due to this demand. Also, if the import duty is increased in the budget, then it will directly affect the price of gold, which can make it more expensive. Experts believe that gold can reach the level of Rs 85,000 by June after the budget.