Gold rate update: Gold and silver are in high demand throughout the wedding season, and their prices are steadily rising. Today, following a two-day decrease, the price of gold and silver is gaining. Gold is now Rs 124 more expensive, and silver is Rs 957 more expensive. Following the increase, gold is now selling for Rs 54,000 per 10 gramme and silver for Rs 66,400 per kg.
Significantly, the prices of gold and silver have been fluctuating during the last month. Gold and silver prices fluctuate between decreasing and increasing. In such a case, the customer is dubious of the buying yellow metal. People do not comprehend when it is advantageous to purchase gold and silver. On the other hand, bullion market analysts believe that customers now have an excellent opportunity to purchase gold and silver at a low cost. Because, like gold, the price of silver will rise more in the next days, and both can set new highs.
Gold rate update: IBJA gold and silver condition
According to the Indian Bullion Jewelers Association (IBJA) website, on the fifth and last day of this business week, Friday (December 9), gold (Gold Price Update) increased in price from Rs 124 per ten kilos to Rs 53914 per ten grammes. However, on the previous trading day, Thursday, gold prices increased by Rs 197 and concluded at Rs 53780 per 10 kilos.
Today, on the other hand, silver (Silver Price Update) began at Rs 66315 per kg, up Rs 957. Silver gained Rs 640 on the past trading day, Thursday, and finished at Rs 65358 per kg.
Gold is down Rs 2200 and silver is down Rs 13600 from their all-time highs