Gold once again becomes expensive during wedding season, know the latest rate

As the wedding season is going on, the price of gold is once again seeing a rise. Compared to yesterday, today i.e. on Thursday 21st November, gold has become costlier by Rs 800 per 10 grams. The price of 24 carat gold is trading around Rs 77,700 and the price of 22 carat gold is trading around Rs 71,300.

increase in silver price

It is noteworthy that in the last one week the price of gold had fallen by Rs 3600, but now the price of gold has started increasing. The price of gold has reached above Rs 77,000. Talking about the price of silver, the price of one kilogram of silver is Rs 200. Is 92,000. Today it has increased by about Rs 400 compared to yesterday. In the Asian market, silver is trading at $ 31.38 per ounce with a decline of 0.99 percent.

Why is the price of gold increasing?

Traders said gold prices rose as local jewelers bought gold for weddings. Gold prices have increased due to geopolitical tensions. Additionally, the Russia-Ukraine conflict has raised new fears about nuclear risks, increasing demand for gold as a safe-haven investment option. Bullion prices have been affected by the strengthening of the dollar after Donald Trump’s victory in the US presidential elections.