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Buying gold and silver on Dhanteras-Diwali is considered auspicious. People buy something made of gold and silver, but to fulfill this custom, you have to spend a lot of money in your pocket. There is a strong rise in the prices of gold and silver. Gold and silver are continuously making new records. Before Diwali when silver becomes Rs. Gold close to crossing Rs 1 lakh mark, Rs. Running at full speed towards touching 80 thousand.
Silver reached close to Rs 1 lakh
Ahead of Dhanteras-Diwali, silver prices reached an all-time high. The price of silver is at an all-time high. Those who have invested in silver have got it. On Monday, the price of silver has crossed Rs 98 thousand per kg. In the last two days, silver per kilogram has increased by Rs 20. There has been a jump of 6000. Soon silver will be worth Rs. Can cross the figure of 1 lakh.
What is the sleeping position?
Gold prices are also increasing at rocket speed. The price of gold on MCX has reached its highest ever level of Rs 78 thousand per 10 grams. In the last 10 months, gold futures prices have increased by Rs 15,000. According to sources, gold can cross Rs 80 thousand on the day of Diwali.
Who is responsible for the increase in gold and silver prices?
There was a big jump in the prices of gold and silver in the Indian bullion market on Monday. The price of silver has reached Rs 97 thousand per kg and the price of gold has reached close to Rs 78 thousand per 10 grams. Global unrest is being attributed to the increase in gold and silver prices.
24 carat gold price
According to the website of Indian Bullion and Jewelers Association (IBJA), on Monday, the price of 24 carat gold increased by Rs 558 to Rs 77,968 per 10 grams, which was earlier Rs 77,410 per 10 grams. Along with gold, there is a big increase in the price of silver also. On Monday, the price of one kilogram of silver increased by Rs 4,884 to Rs 97,167 per kilogram. On Friday, the price of silver was Rs 92,283 per kg.
people are liking silver
Jatin Trivedi, Vice President (Research Analyst), Commodities and Currency, LKP Securities, said that a good rise is being seen in the prices of silver. With gold prices reaching Rs 78,000 per 10 grams, people are moving towards silver. The rise in silver prices is due to the increasing use of silver in the EV sector and photovoltaic applications. Silver prices on MCX increased by Rs 150 to Rs 98,000 per kg. In the international market, silver reached an all-time high of $ 34 an ounce. If it breaks the level of $34 then silver may rise further and trade on MCX at Rs. A level of 1,00,000 can be seen. Advising investors, Trivedi said that buying silver would be the right strategy in this recession. If there is a decline then investors should look for buying opportunities.
Know the price by missed call
To know the retail rate of 22 carat and 18 carat gold jewellery, you can give a missed call on mobile number-8955664433. The new prices will be available via SMS within a few minutes. Apart from this, for continuous updates you can www.ibja.co Or You can visit ibjarate.com.