Gold-Silver Rate: Gold-silver on fire, silver again crosses Rs 2.50 lakh; Know how much the price increased this week

Gold-Silver Price Update: There has been a rise in the prices of gold and silver this week. The price of gold has increased by more than Rs 2,300 per 10 grams and the price of silver has increased by about Rs 8,000 per kg. According to India Bullion Jewelers Association (IBJA), the price of 24 carat gold has increased to Rs 1,55,066 per 10 grams, which was Rs 1,52,765 per 10 grams on the same day last week.

This shows that gold prices have increased by Rs 2,301 per 10 grams in the last one week. The price of 22 carat gold has increased to Rs 1,42,040 per 10 grams, which was earlier Rs 1,39,933. At the same time, the price of 18 carat gold has increased from Rs 1,14,574 per 10 grams to Rs 1,16,300 per 10 grams.

Sharp rise in silver along with gold

Along with gold, the prices of silver also remain rising. The price of silver has increased by Rs 7,881 in a week to Rs 2,50,314 per kg, which was Rs 2,42,433 per kg last week. In the spot market, 24 carat gold touched the highest price of Rs 1,55,066 per 10 grams on February 20. At the same time, the minimum price was Rs 1,51,195 per 10 grams on February 17.

Silver’s all time low and high

Silver touched its highest price of Rs 2,50,314 per kg on February 20. At the same time, the minimum price of Rs 2,32,955 per kg was seen on 17 February. This week, there has been a rise in the prices of gold and silver at the international level also. Gold and silver prices stood at $5,080.90 an ounce and $82.343 an ounce, respectively, compared to $5,046.30 an ounce and $77.96 an ounce a week ago.

Why did prices rise this week?

The reason for the rise in gold and silver prices this week is being attributed to the increasing tension between America and Iran, which has pushed the prices of precious metals upward. Now, after the decision of the US Supreme Court, when President Trump has reduced the tariffs on all the countries, its effect can be seen in the coming week and the prices of gold and silver may fall.

Also read: Gold-Silver Rate Today: Record rise in gold, silver prices also increased, know today’s latest rate in your city.

future economic projections

According to economic analysts, until international border disputes and tensions subside, the prices of precious metals will remain high. Predictions from big institutions like JP Morgan have created huge excitement among long-term investors in the gold market. In the coming weeks, global developments and US interest rates will play a key role in deciding the direction of gold and silver in the domestic market.