Gold-Silver Price:As the festival of Holi approaches, the hustle and bustle in the bullion market has intensified. There are continuous fluctuations in the prices of gold and silver. According to the latest price released on February 28, the capital New Delhi There was a strong rise in the prices of gold, while there was a decline in the prices of silver. In such a situation, if you are thinking of purchasing, then first know the rate of your city.
Gold reached ₹1,64,700 per 10 grams in Delhi
According to the latest data of bullion market, 24 carat gold has now reached Rs 1,64,700 per 10 grams. Earlier its price was Rs 1,62,900. That means a rise of Rs 1,800 has been seen in one stroke.
Experts say that the prices have increased due to the boom in the international market and increase in domestic demand. The wedding and festival season is also supporting gold prices.
Fall in silver prices
While gold is shining, silver has slipped a bit. The price of silver in the capital has fallen to Rs 2,68,000 per kg (including tax). A decline has been registered in comparison to the previous trading session.
Market experts believe that silver rates have come down due to some softening in industrial demand and profit booking. However, it may increase again in the long term.
What did the Bullion Association say?
All India Sarafa Association According to the data, precious metals continue to fluctuate. Factors like global economic situation, strength of dollar and international tension are directly affecting the prices of gold and silver.
Experts say that instead of taking hasty decisions, investors should take steps after understanding the market movements.
Read Also:Gold Silver Prices Live Updates: Gold below ₹ 1.60 lakh, silver also slipped – know today’s latest price
Buy or hold before Holi?
Many people consider it auspicious to buy gold and silver before Holi. But in the current situation the prices are going quite high. If you are buying from investment perspective then you can wait for a while. If you want to buy for your needs then it would be better to buy in small installments.
Overall, there is tremendous movement in the market at this time. Therefore, before purchasing, definitely check the latest rates of your city, so that it does not put too much burden on the pocket.
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