Gold Silver Price Today: Today, silver made such a jump in the bullion market that even the buyers were surprised. A rise of about ₹4,000 was recorded in a single day. The price of silver on MCX reached ₹ 2,55,735 per kg, while in the retail market it is trading around ₹ 2,70,000 per kg. To put it in desi style – “Chandi really broke the record today!”
The shine of gold became brighter
Gold also did not lag behind. On MCX, gold rose by about ₹ 861 to ₹ 1,54,809 per 10 grams. In the market, 24 carat gold has reached the level of ₹ 1,55,570, 22 carat ₹ 1,42,600 and 18 carat ₹ 1,16,680 per 10 grams. That means, if you are thinking of buying gold, you will have to loosen your pockets a little more.
The effect of Akshaya Tritiya is clearly visible
As the festival of Akshaya Tritiya approaches, there is an atmosphere of shopping in the market. Due to this, the demand for gold and silver has increased rapidly. Buying gold on this day is considered auspicious in India, so people have already started shopping. This is the reason why a tremendous rise in prices is being seen.
Global market slow, yet bullish in India
The interesting thing is that the prices of gold and silver have softened a bit in the international market, but the reverse trend is visible in India. The reason for this is domestic demand and wedding season. That means “fall outside, tremendous rise inside” – this is the condition of the market right now.
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What signals for investors and buyers?
If you are thinking from an investment perspective, then this is the time to be a little cautious. Prices are quite high, but demand is still strong. At the same time, people who want to buy jewelery are more inclined towards light and designer jewellery.
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