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The price of silver has gone above Rs 71,800 per kg. On Wednesday, the price of 24 carat gold opened at Rs 54283, which closed at Rs 53,548 per 10 grams on Tuesday
Photo Credit : Reuters
The price of gold has crossed Rs 54000. Silver has also exceeded Rs 71000. Gold and silver prices have hiked due to the Russia-Ukraine War. While gold is moving towards an all-time high, silver has also gone above Rs 71,800.
Gold seems to be moving towards a new peak. In the bullion market, the price of 10 grams of gold (Gold Rate) was seen trading beyond Rs 54,283, then the price of silver has gone above Rs 71,800 per kg. On Wednesday, the price of 24 carat gold opened at Rs 54283, which closed at Rs 53,548 per 10 grams on Tuesday.
On Wednesday, the price of gold rose by Rs 825 per 10 grams. The average price of 23 carat gold stood at Rs 54,066 as against Rs 53,334 per 10 grams on Tuesday. The price of 22 carat gold was Rs 49,723, which was Rs 49,050 on Tuesday. The price of 18 carat gold rose to Rs 40,712 per 10 grams, which was Rs 40,161 a day earlier i.e. on Tuesday. The price of 14 carat gold was Rs 31,756.
In the bullion market today, the price of one kg of silver was Rs 71,878. A day earlier, the price of silver was Rs 70890 per kg. In this way silver has registered a rise of Rs 988 per kg. Experts are predicting a further rise in gold and silver prices if the Russia-Ukraine war drags on.
The stock markets were falling for the last several days. Today, although there was a slight correction in the stock market, but the market is still going through a very bad phase. When the stock market falls, investors are attracted towards gold. Investing in gold increases. Market experts are also saying that if you buy gold now, then you will be in profit.