At present the wedding season is going on. After Tulsi Vivah, the wedding season has started. Then buying gold on auspicious occasions has now started seeming like a dream for the common man. Because the price of gold is increasing day by day. When the price of gold had increased on November 21, the price is still increasing even today. In most of the big cities of the country like Delhi, Mumbai, Patna, Jaipur, Lucknow, the price of 24 carat gold is trading above Rs 78,000. At the same time, the price of 22 carat gold is trading above Rs 71,500.
So will gold cross 80 thousand?
In the last 10 days, the price of gold had fallen by Rs 3600, but now the price of gold has started increasing once again. Now it remains to be seen whether the price of gold will cross Rs 80,000 in the coming days due to increasing domestic demand and international reasons. According to experts, the price of gold can go up to Rs 90,000 per 10 grams in the year 2025.
Silver price on 22nd November
One kg silver is trading at Rs 92,100 in the country. However around Diwali the price of silver rises to Rs. Crossed 1,00,000. Now it remains to be seen when silver will make a big jump. Yesterday, the price of silver in the international market increased by 0.29% to $ 31.53 an ounce.
City | 22 carat gold price | 24 carat gold price |
Delhi | 71,600 | 78,100 |
Mumbai | 71,450 | 77,950 |
Ahmedabad | 71,500 | 78,000 |
Lucknow | 71,600 | 78,100 |
Kolkata | 71,450 | 77,950 |
Why is gold becoming expensive?
Rising tensions over the Russia-Ukraine war and concerns over nuclear risks have boosted demand for gold, as investors view it as a safe haven. According to experts, due to the current geopolitical situation, gold prices may remain volatile. The news of missile attack between Russia and Ukraine has affected the market. Now the market is waiting for US economic data, which will determine the future trend of gold and silver.