look news india
For the last several days, fluctuations in the prices of gold and silver have been seen. But today there has been a huge jump in the prices of gold and silver. Silver prices are set to rise straight to Rs 1 lakh. Today the price of silver in the country has increased by Rs 1600. So now silver has become Rs 93,700 per kg. While the price of gold increased by Rs 700, now the price of gold has become Rs 78,400 per 10 grams i.e. one tola. Jewelery gold rose by Rs 600 to Rs 72,900 per 10 grams. The pace of purchasing in the spot market has slowed down.
Traders expect record sales on Diwali
Traders expect record sales of gold and silver jewelery in the Diwali season. It is noteworthy that the demand for gold and silver increases in the bullion market on Dhanteras and Diwali. As demand increases, jewelers are also giving offers to customers. This time the business on Diwali is expected to be around Rs 500 to 1000 crore. Therefore, traders are making more gold and silver items than the demand.