An increase in the prices of gold and silver was seen this week. According to the website of India Bullion and Jewelers Association (IBJA), the price of gold at the beginning of this week i.e. on May 13 was Rs 72,490, which has now increased by Rs 893 this week to reach Rs 73,383 per 10 grams.
As far as silver is concerned, it has reached its highest level ever. According to the IBJA website, earlier this week it was Rs. Which is now Rs 83,265. 86,373 per kg at an all-time high. This week its price has increased by Rs 3,108.
Check gold prices of major cities
Delhi | Price of 22 carat 10 gram gold is Rs 68,550 | Price of 10 grams 24 carat gold is Rs 74,770 |
Mumbai | Price of 22 carat 10 gram gold is Rs 68,400 | Price of 10 grams 24 carat gold is Rs 74,620 |
Kolkata | Price of 22 carat 10 gram gold is Rs 68,400 | Price of 10 grams 24 carat gold is Rs 74,620 |
Chennai | Price of 22 carat 10 gram gold is Rs 68,500 | Price of 10 grams 24 carat gold is Rs 74,730 |
Bhopal | Price of 10 grams 22 carat gold is Rs 68,450 | Price of 10 grams 24 carat gold is Rs 74,670 |
There has been a rise in gold and silver this year
According to IBJA, so far this year, gold prices have increased by Rs 10,031. On January 1, gold was at Rs 63,352, which has now reached Rs 73,383 per 10 grams. At the same time, the price of one kilogram of silver has increased from Rs 73,395 to Rs 86,373.
Gold can reach Rs 85 thousand in the next one year
According to Anuj Gupta, Head of Commodity and Currency, HDFC Securities, a rise in gold and silver may be seen in the coming days also. In the next one year, the price of gold may go up to Rs 80 thousand to Rs 85 thousand per 10 grams. Whereas silver can also reach Rs 1 lakh per kg.