Gold-Silver Price: Gold, which made a record of 56,200 in the year 2020, crossed 60,000 once this year. But now again a decline is being seen in it. Market experts are expecting the gold rate to reach Rs 65,000 on Diwali this year.
Gold Price: There has been a period of ups and downs in the price of gold and silver for some time. Tremendous growth was seen in both the precious metals in the past days. But after that there is a decline in it. Gold, which made a record of 56,200 in August 2020, crossed 60,000 once this year.
But now again a decline is being seen in it. Market experts are expecting the gold rate to reach Rs 65,000 on Diwali this year. At the same time, the price of silver can also reach the level of Rs 80,000.
Four thousand rupees per 10 grams fast
In the last week of February, the rate of gold had reached Rs 55,000. But now in the last week of March it is running at around 59,000. That is, there has been an increase of Rs 4,000 per 10 grams in gold in a month itself.
At the end of February, silver fell to the level of Rs 61,000. But now it is also seeing a boom and it is doing business around Rs 70,000. There is a period of ups and downs in gold and silver amidst the apprehension of recession in the world market.
Gold and silver rise on MCX
On Tuesday, both gold and silver saw a rising trend on the Multi-Commodity Exchange (MCX). On Tuesday morning, gold rose by Rs 92 to Rs 58618 per 10 grams and silver was seen trading at Rs 70190 per kg with a gain of Rs 48. Earlier on Monday, gold had closed at Rs 58526 per 10 grams and silver at Rs 69926 per kg.
Gold and silver rise in the bullion market
Bullion market rates are issued daily by the India Bullions Association (https://ibjarates.com). On Monday, 24 carat gold closed at Rs 58892 per 10 grams. A decline was also seen in silver on Monday and it closed at Rs 69369 per kg. On Monday evening, 23 carat gold reached Rs 58657, 22 carat 53945 and 20 carat Rs 44169 per 10 grams.
