New Delhi : Nowadays there is a huge increase in the prices of gold. In the last few days, there has been a huge increase in the prices of gold, which has reached around Rs 79,000. There has been a record rise in gold prices in the last few days. On October 16, the gold rate closed at Rs 78,900 per 10 grams.
On Wednesday, the price of gold in the bullion market of the country's capital Delhi had reached its new all-time level and closed with an increase of Rs 250. In its last trading session, gold had closed at Rs 78,650 per 10 grams.
What has been the gold rate?
The price of 24 carat gold of 99.5 percent purity has jumped by Rs 250 to reach a new record level of Rs 78,500 per 10 grams. The previous closing price of gold rate had reached the level of Rs 78,250 per 10 grams.
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Why is the price of gold increasing?
Actually, the festive season is going to start soon in our country, due to which the demand for gold is increasing. Besides, due to decline in the stock market, the demand for gold is increasing and its sales are also increasing. Now investors have chosen the option of purchasing gold as investment.
Gold and silver prices in international market
If seen at the global level, an increase of 0.51 percent is being seen in the Comex gold contract, which has increased to $ 2,692.50 an ounce. An increase of 0.91 percent is being seen in the prices of silver in the Asian market, which has increased to $ 32.05 an ounce.
Demand may increase during festival season
Let us tell you that festivals like Dhanteras and Diwali are going to start soon in India, on which people buy gold extensively. The demand for gold may increase in this festival season, hence a huge increase in gold prices may also be seen.
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