Gold and silver Prices Increased Again in the Festive Season

After the upheaval started in the international market, with the onset of the festive season, the price of gold and silver has started increasing once again.
Gold and silver Prices Increased Again in the Festive Season

After the upheaval started in the international market, with the onset of the festive season, the price of gold and silver has started increasing once again. According to the prices released by the Jaipur Sarafa Committee on Thursday, the price of 24 carats per 10 grams of gold in Jaipur has increased by Rs 325. After which the price of 10 grams of 24-carat gold has increased to Rs 48 thousand 175.

The price of 22 carats per 10 grams has increased

At the same time, the price of 22 carats per 10 grams of gold increased by Rs 300. After which the price of 22 carats per 10 grams of gold has increased to Rs 45 thousand 800. Whereas gold has reached 18 carats 37 thousand 300 rupees per ten grams and 14 carats 29 thousand 700 rupees per ten grams.

Silver prices increased by Rs 800 per kg

Image Credit: India Today
Image Credit: India Today

Whereas the price of silver also saw an increase after 2 days today. Silver prices increased by Rs 800 per kg in Jaipur on Thursday. After which silver refinery has reached the price of Rs 63 thousand per kg in Jaipur today. However, despite the increase in the price of gold and silver, on the first day of Navratri, the market is seeing a lot of customers.

The boom may continue in the coming days

Experts say that due to the rise in interest on the dollar and bonds, the price of gold remains under pressure. However, due to the rise in the price of crude oil, the inflation rate in the world will increase. In such a situation, its price may increase in the coming days also. Apart from this, the demand for gold will pick up during the festival season and this may increase the price.

49 thousand by Diwali

Anuj Gupta, Vice President, IIFL Securities, says that due to the strengthening of the dollar, there is pressure on gold and silver. However, due to the increase in the price of crude oil, the price of petrol and diesel is likely to increase in the coming months. This can increase inflation. In such a situation, there can be an increase in gold in the long term. According to him, by Diwali, the price can reach 49 thousand rupees.

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