New Delhi4 hours ago
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This week, the price of gold increased and silver prices declined. According to the website of India Bullion and Jewelers Association (IBJA), gold was at Rs 89,164 on last Saturday i.e. March 29, which has now reached Rs 91,014 per 10 grams (5 April). That is, its price has increased by Rs 1,850 this week.
At the same time, when it comes to silver, it was at Rs 1,00,892 last Saturday, which has now come to Rs 92,910 per kg. In this way, its price has come down by Rs 7,982 this week. On March 28, silver made an all -time high of Rs 1,00,934 and gold on April 3.
Gold has become expensive by Rs 14,852 so far this year This year i.e. since January 1, the price of 10 grams 24 carat gold has increased from Rs 76,162 to Rs 14,852 to Rs 91,014. At the same time, silver price has also increased from Rs 86,017 per kg to Rs 6,895 to Rs 92,910. At the same time, gold became expensive by Rs 12,810 in 2024 last year.
4 reasons for gold boom
- Jio political tension has increased with Trump becoming the US President.
- Gold is becoming expensive due to the weakening of the rupee against the dollar.
- People are increasing investment in gold due to increasing stock market fluctuations.
- The price of gold is also getting support due to increasing inflation.
Gold can go up to 94 thousand rupees this year Ajay Kedia, director of Kedia Advisory, says that Gold is getting support due to increasing political tension. At the same time, investment in Gold ETF is also increasing. Due to this, the demand for gold is increasing. In such a situation, gold can reach beyond 94 thousand rupees per 10 grams this year.
On the other hand, if you talk about silver, then according to the commodity and currency head of HDFC Securities, Anuj Gupta, its price can be seen further. Silver can go up to 1 lakh 8 thousand rupees at the end of the year.