Gold and silver prices rose in the national capital on Thursday. The 24-carat yellow metal rose by Rs 182 to Rs 45,975 per 102 grams in the national capital today. According to HDFC Securities, gold traded at Rs 45,793 per 10 grams in the previous session.
Silver has become expensive at Rs 725
Speaking of silver, it rose by Rs 725 per kg to Rs 66,1755. Silver had closed at Rs 65,450 on the previous trading day. In the international market, gold was at 7 1,744 an ounce and silver was at. 25.30 an ounce.
Yellow metal is becoming more expensive as infections increase
It is learned that the amount of gold has increased a lot in this financial year. Touch the highest level of gold. Because the coronavirus epidemic has caused panic in the world economy. When there is fear in the world economy, people move towards gold. After that, the price was stable for about a month, but now with the change of corona, the price of gold has started rising again. Last week, the price of 24 carat gold in the spot market rose by Rs 2,000 per 10 grams. According to the India Bullion and Jewelers Association, the price of pure gold has reached around Rs 46,000 per 10 grams. Where on March 31, gold is being sold at Rs 44,000. In Ratlam, the main Sardar Bazar in Madhya Pradesh, the price of 24 carat gold again crossed Rs 47,000 per ten grams.
These factors also pushed up prices
According to traders, gold prices have been stable for a month or so. However, from April 1, the energy is seen again. In two days, the price of gold per 10 grams has become expensive by Rs.1000. Apart from this, the rupee has depreciated against international currencies in the past and expectations of good demand from the start of the wedding season have also affected the price.