According to India Bullion Jewelers Association (IBJA), the price of 24 carat gold has increased by Rs 6,177 this week to Rs 1,37,956 per 10 grams. This is the highest ever closing price of gold in the spot market. A week ago, on the same day, the price of gold was Rs 1,31,956 per 10 grams.
The price of 22 carat gold has increased to Rs 1,26,368 per 10 grams, which was earlier Rs 1,20,710 per 10 grams. At the same time, the price of 18 carat gold has increased from Rs 98,834 per 10 grams to Rs 1,03,467 per 10 grams.
Silver has seen a sharp rise compared to gold and prices remain at all-time high. The price of silver has increased from Rs 28,040 to Rs 2,28,107 per kg in a week, which was earlier Rs 2,00,067 per kg.
The reason for the rise in gold and silver is believed to be the increasing tension due to global instability, tariffs and war, due to which investors are giving priority to investing in gold and silver which are considered safe.
Apart from this, the reason for the higher price of silver compared to gold is also its increasing industrial use. At present, silver is being used on a large scale in electronics items like solar panels. At the same time, the supply remains limited, due to which a higher rise in silver prices is being seen.
Gold and silver prices are at all-time high in international markets. On Comex, the price of gold is near $ 4,550 an ounce and the price of silver is near $ 77 an ounce.
Experts believe that due to global conditions, the rise in gold and silver may continue in the coming times.
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