News India Live, Digital Desk: If wedding preparations are going on in your house or you were thinking of buying gold and silver for investment, then today’s latest news may blow your mind. The kind of trend seen in the market has once again proved that it is difficult to predict what will happen to the prices of precious metals.
According to the latest reports, silver prices have increased in just one day. Rs 15,000 A strong surge of up to Rs. Yes, you heard it right! This ‘rocket’ like speed of silver has put in great trouble those people who were planning to make jewellery. On the other hand, gold prices also did not lag behind and have registered a significant increase.
Impact on pocket during wedding season
We all know that in India the months of December and January are dedicated to weddings. In such a situation, every family has a little budget for jewellery. But this sudden increase has completely spoiled the budget. Experts say that these prices are increasing due to fluctuations in the global market and increasing local demand. If you had checked the rates even two days ago, you would not believe after seeing today’s figures.
Gold also became extremely expensive
Not only silver, but gold prices have also increased the market temperature. The price of gold ranging from 18 carat to 24 carat is increasing.
- 24 karat gold: The prices of what we consider to be the purest form of gold are touching record highs.
- 22 carat gold: Which is mostly used for making jewellery, its price per 10 grams has now become a matter of concern for the common middle class family.
What should buyers do now?
The reality is that whenever prices increase so rapidly, there is panic in the market. My advice is that if it is not very important, then you can wait for a few days and wait for the market to calm down. But if you are an investor, perhaps this is a time to smile for you.
Instead of making a hasty purchase, check the latest prices from your nearby reliable bullion market or hallmarking shops. Remember, these prices of gold and silver vary slightly from city to city, so it is very important to know the condition of the local market.
Now it remains to be seen whether these prices will continue to rise in the coming days or whether buyers will get some relief.
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