Gold hits new high, 10 grams of 24-carat touches Rs 1 lakh in Karnataka
Bengaluru: Gold prices in Karnataka have surged to a historic high, with ten grams of 24-carat gold crossing the Rs 1 lakh mark in Bengaluru. Market insiders opined that the trend is likely to continue upward.
As of Monday morning, gold was priced at Rs 10,200 per gram for 24-carat and Rs 9,285 for 22-carat in Bengaluru, excluding GST and additional charges such as making and wastage, as reported by The New Indian Express.
The steep rise comes ahead of Akshaya Tritiya, which falls on April 30 this year, a day considered highly auspicious for purchasing gold and silver.
“The rate of gold is escalating due to prevailing global uncertainty and the US dollar’s continued slide. Historically, gold has been a safe investment. It allows for easy liquidation—no other medium offers that kind of leverage,” TNIE quoted Suresh Kumar Ganna, former president of The Jewellers’ Association, Bengaluru as saying.
He added that in just four months, the price of gold, which was around Rs 75,000 for 10gm, has jumped by over Rs 25,000.
Dinesh Pagaria, Managing Director of JJJ Jewellers Private Limited, noted that gold prices have nearly tripled in six years. “Ten grams of 24-carat gold was within Rs 35,000 in 2019. Now, in 2025, the rate has tripled, standing at around Rs 1,03,000 lakh, excluding GST and other charges,” TNIE quoted Pagaria as saying.
Explaining the recent spike, Pagaria said that they are hearing from gold traders that China is aggressively buying gold and increasing their gold reserves. “They are converting their dollar reserves into gold,” he said.
He described gold as the “only trustworthy global currency,” predicting that prices could jump another 25 percent within the year.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Jharkhand: 2 killed, 5 injured after being run over by truck
Garhwa/Hazaribag (PTI): Two persons were killed and five others injured after being allegedly run over by a truck in Jharkhand's Hazaribag district on Thursday evening, police said.
The deceased were standing near a roadside puncture repair shop in Charhi when the accident happened, they said.
The injured persons were admitted to the Sheikh Bhikhari Medical College and Hospital, they added.
"The identity of the deceased is yet to be ascertained," said a police officer.
In another accident in Garhwa, two men in their mid-20s died after being hit by a speeding tractor, police said.
The accident happened in the Mahuliya panchayat in the Garhwa police station area in the early hours, they said.
"Rahul Chaudhary (26) and Nandlal Ram (26) were standing near their motorcycle on the roadside. A speeding tractor coming from the opposite direction hit them. Rahul died on the spot, while Nandlal succumbed to the injuries while being taken to the Sadar Hospital," said a police officer.
"Immediately after the mishap, the tractor driver abandoned the vehicle and fled. The tractor has been seized, and raids are underway to apprehend the absconding driver," he said.
