Sunday, February 5, 2023

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Gold Price Update: Gold rate crosses 55K mark, time to buy gold now as rate to surge further

Gold Price Update: Gold rate has been increased by Rs296 per 10 gram while silver rose by Rs 257 per kg on Monday. For the last few month gold rate has seen tremendous increase in price. On the first day of the first trading week of the year 2023, gold and silver rates have surged. Gold became costlier at the rate of Rs 296 per 10 grams, while the price of silver rose by Rs 257 per kg.

After this, on Monday, gold reached beyond Rs 55000 per 10 grams. On the other hand, silver jumped and closed after reaching Rs 68300 per kg. After this boom, people now have the opportunity to buy gold cheaper by Rs 1000 per 10 grams and silver by more than Rs 10000 per kg. If the experts of the bullion market are to be believed, then the period of increase in the prices of gold and silver may continue.

On Monday, gold (Gold Price Update) closed at a level of Rs 55163 per kg with a gain of Rs 296 per 10 grams. While on the last trading day on Friday, gold closed at Rs 54867 per 10 grams with a gain of Rs 216 per 10 grams.

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On Monday, once again a rise in the price of gold as well as silver (Gold Price Update) was recorded. On Monday, silver became costlier by Rs 257 and closed at Rs 68092 per kg. Whereas on Friday, the silver rate climbed up by Rs 252 per kg and closed at Rs 68349 per kg on the last trading day.

14 to 24 carat gold rate

In this way, on Monday, 24 carat gold became costlier by Rs 296 to Rs 55163, 23 carat gold became costlier by Rs 295 to Rs 54942, 22 carat gold by Rs 271 to Rs 50529, 18 carat gold by Rs 222 to Rs 41372 and 14 carat Gold became costlier by Rs 173 and closed at Rs 32270 per 10 grams.

Gold Down by Rs 1,000 and silver by Rs 10,600 from all-time high

Gold is currently selling cheaper than its all-time high by Rs 1037 per 10 grams. Let us tell you that gold had made its all-time high in August 2020. At that time gold had gone up to the level of Rs 56200 per ten grams. On the other hand, silver was getting cheaper than its highest level at the rate of Rs 10631 per kg. The all-time high level of silver is Rs 79980 per kg.

Do not delay in buying gold

According to the experts of bullion market, after Kharmas, there is still a lot of time left in the wedding season along with Makar Sankranti on January 14. In such a situation, the phase of rise in the price of gold and silver will continue in the coming days. Also, these people say that soon in the new year 2023, the price of gold will reach near or beyond its highest level. In such a situation, if you have a wedding here too and you want to buy gold, then buy it as soon as possible. So that you can get some benefit.

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Know the latest gold price by giving a missed call

To know the retail rate of 22 carat and 18 carat gold jewellery, you can give a missed call on 8955664433. Rates will be received through SMS in a short while. Along with this, you can visit www.ibja.co or ibjarates.com for continuous updates.

Read More :- Latest Business News

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