Gold Silver Rate: Slight decline in the price of gold and silver, but the price crosses ₹ 100000 in these cities

Gold Silver Rate: Everyone in India is fond of gold jewellery, and especially Indian women have special interest in buying gold jewellery. But these days the rapid increase in gold prices is affecting this trend. Due to rising prices of gold, people are moving towards making new jewelery by melting old gold.

Rise in Gold Price

At the beginning of today’s trade, the price of gold on Multi Commodity Exchange (MCX) increased by Rs 807 and the price of gold reached Rs 76,809 per 10 grams. At the same time, an increase of 1.32 percent was seen in silver, due to which its price remained around Rs 89,570 per kg. Due to this increase, a change is being seen in the sales of gold jewellery.

Melting old gold to make new jewelery

Due to the increase in gold prices, customers are now melting old jewelery and remaking it. This trend is not new, but now it is seeing tremendous growth. People are melting old jewelery to make new jewelery based on its high value. Apart from this, there has also been an increase in the demand for jewelery with lightweight and modern designs, which are easy to wear daily and suitable for office or daily functions.