The impact of the rise in gold and silver in the global market is also clearly visible in the domestic bullion market. Gold rose by Rs 198 to Rs 48,480 per ten gram in the bullion market yesterday. The closing price of gold was Rs 48,282 per ten grams.
Yesterday, silver rose by Rs 1,008 to Rs 65,340 per kg. The previous day it had closed at Rs 64,332 per kg.
On the other hand, in the global market, both gold and silver prices of precious metals were rising. While gold rose to $ 1,843 an ounce, silver also rose to $ 25.28 an ounce.
Gold and silver prices were skyrocketing every day amid the Corona crisis. In August 2020, gold and silver prices touched their highest levels. Gold prices have declined by more than Rs 7,000 per 10 grams since August 2020. On the other hand, silver has fallen more than Rs 12,500 per kg.
How far will the gold price go in 2021
55 percent of brokers have assumed that gold will trade in the range of Rs 60,000-66,000 per 10 grams in 2021, while 45 percent of brokers say gold will remain at the level of Rs 55,000-58,000 per 10 grams.