Gold Price Review: Gold became costlier by Rs. 3616, Silver gained Rs. 6290 in 23 days

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So far this year, the brightness of gold, which has become cheaper by 2396 rupees, started increasing even before the marriage season started and today the price of gold is increasing like the speed of Corona. While the price of 24-carat gold has fallen by Rs 8448 from last year's all-time high in bullion markets, but it went up by Rs 637 per 10 grams last week, and only in April, gold is expensive by Rs 3616 in the last 23 days. are done. At the same time, silver also rose a lot. Its prices have soared by Rs 6290 so far this month. At the same time, it is still cheaper than its higher price of Rs 6856.



Source: IBJ

If we talk about this year i.e. 2021, gold has started its worst in the last 30 years. Gold prices started declining in January, but in April, both gold and silver managed to make good gains. With the rise in gold and silver prices, jewelry buyers for marriage will be a little disappointed.

There may be so much forward

According to Ajay Kedia, director of Kedia Commodities, shopping at lower labels is increasing due to the low rate. If due to this, the rate of gold is going up. It can go up to Rs 50000 per 10 grams. Gold demand has increased in China, Singapore, Hong Kong, and falling prices will increase purchases in the domestic market. At the same time, silver can be between 63000 and 71000. The month of February saw the biggest fall in the gold rate.