Buying gold and silver on Dhanteras and Diwali is considered auspicious. People buy some gold and silver, but this year you will have to loosen your pocket more to fulfill this ritual. A big increase in the price of gold and silver is being seen. Gold and silver are continuously making new records.
Gold-Silver Rate: Buying gold and silver on Dhanteras-Diwali is considered auspicious. People buy some gold and silver, but this year you will have to loosen your pocket more to fulfill this tradition. A big increase in the price of gold and silver is being seen. Gold and silver are constantly making new records. Before Diwali, while silver is close to crossing the lakh rupees mark, gold is running at full speed towards touching 80 thousand.
Silver reached near 1 lakh
Before Dhanteras-Diwali, the price of silver has reached an all-time high. The price of silver is continuously at its highest peak. Those who have invested in silver have made a fortune. On Monday, the price of silver has crossed Rs 98 thousand per kg. In the last two days, silver has jumped by Rs 6000 per kg. Soon silver may cross the figure of Rs 1 lakh.
how is the situation of sleeping
Gold prices are also rising at a rocket speed. The price of gold on MCX has reached an all-time high of Rs 78,000 per 10 grams. In the last 10 months, the future price of gold has risen by up to Rs 15,000. According to experts, gold can cross Rs 80,000 on Diwali day.
Who is behind the rise in the price of gold and silver?
There has been a big jump in the price 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 around Rs 78,000 per 10 grams. The reason for the jump in the prices of gold and silver is believed to be the global upheaval.
24 carat gold rate
According to the website of the Indian Bullion and Jewelers Association (IBJA), the price of 24 carat gold on Monday rose by Rs 558 to Rs 77,968 per 10 grams, which was earlier Rs 77,410 per 10 grams. Along with gold, a big jump is also being seen in the prices of silver. On Monday, the price of one kg silver rose by Rs 4,884 to Rs 97,167 per kg. On Friday, the price of silver was Rs 92,283 per kg.
Silver is attracting people
Jatin Trivedi, Vice President (Research Analyst) in Commodity and Currency, LKP Securities, said that there is a good jump in the price of silver. People are moving towards silver due to the price of gold reaching Rs 78,000 per 10 grams. The reason for the increase in the price of silver is the increased use of silver in the EV sector and photovoltaic applications. Silver prices on MCX have risen to Rs 98,000 per kg. Silver has reached its all-time high of $ 34 an ounce in the international market. If it breaks the level of $ 34, then silver may rise further and the level of 1,00,000 can be seen on MCX. Trivedi advised investors that buying on a dip in silver at this time would be the right strategy. If there is any decline, investors should look for buying opportunities.
