Gold, Silver Price Update: Gold and silver prices have been steadily rising over this wedding season. There is good news for those looking to buy gold. The yellow metal’s price rose on the fifth and final trading day of this trading week as well. However, the price of gold fell slightly on Monday, while the price of silver continued to grow. On Monday, the price of gold fell by Rs 29 per 10 gramme, while the price of silver rose by Rs 891 per kilogramme.
Following this, gold closed at roughly Rs 54,000 per 10 gramme and silver at around Rs 67,000 per kg on Monday. People may now buy gold for less than Rs 2,300 per 10 gramme and silver for less than Rs 13,000 per kg. If bullion market analysts are to be believed, the period of increasing gold and silver prices may continue.
On Monday, the first trading day of the week, gold (Gold Price) finished at Rs 53908 per kg, down Rs 29 per 10 grammes. On the other hand, gold increased in price by Rs 157 per 10 gramme on Friday, closing at Rs 53937 per 10 gramme.
In addition to gold, the price of silver increased on Friday. Silver rose Rs 891 to Rs 67022 per kilogramme. On the other hand, on Friday’s previous trading day, silver finished at Rs 66131 per kg, an increase of Rs 773 per kg.
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Gold, Silver Price Update: 14 to 24 carat gold price
As a result, 24 carat gold was cheaper by Rs 29, Rs 53908 on Friday, 23 carat gold was cheaper by Rs 28, Rs 53693, 22 carat gold was cheaper by Rs 27, Rs 49379, 18 carat gold was cheaper by Rs 22, Rs 40431, and 14 carat gold was cheaper. Gold fell by Rs 17 and concluded at Rs 31536 per 10 gramme.
Gold down Rs 2300 and silver down Rs 13000 from all-time highs
Gold is currently selling for Rs 2292 per 10 grammes less than its all-time high. Let us remind you that gold reached an all-time high in August 2020. At the time, gold had reached a price of Rs 56200 per ten kilos. Silver, on the other hand, was falling below its all-time low of Rs 12958 per kilogramme. Silver’s all-time high price is Rs 79980 per kilogramme.
Do not put off purchasing gold
According to bullion market specialists, there is still plenty of time left in the wedding season. In such a case, the price of gold and silver will continue to rise in the following days. Furthermore, these experts believe that the price of gold will shortly approach or exceed its all-time high in the new year 2023. In such a case, if you have a wedding here as well and want to acquire gold, do it as soon as feasible. In order for you to profit.
During the wedding season, gold and silver prices continue to fluctuate. Gold and silver prices fluctuate between rising and falling. As a result, during the wedding season, jewellery buyers are at a loss as to when it is appropriate to purchase gold and silver, i.e. when it is cheaper. Meanwhile, the prices of gold and silver have risen this business week.
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