New Delhi. The festival of Diwali is getting closer. With this, the price of gold and silver is increasing continuously. On Monday, the price of 10 grams of 24 carat gold in Sarafa market increased to 1.19 thousand. Silver also shines and on Monday, the price of 1 kg silver reached Rs 1.48 lakh in the bullion market. According to the latest price issued by the India Bullion and Jewelers Association, the price of 10 grams of 24 carat gold on Friday was Rs 116954. That is, it has recorded an increase of Rs 2105 after two days.
According to the association, the price of 10 grams of 22 carat gold is Rs 109058. Whereas, on Friday, the price of 22 carat gold was Rs 107130. At the same time, the price of 10 grams of 18 carat gold was Rs 87716 on Friday. Which increased by Rs 1578 to Rs 89294 on Monday. The price of 14 carat gold also increased by Rs 1232 per 10 grams. According to the Bullion and Jewelers Association, the price of 10 grams of 14 carat gold on Friday was Rs 68418. Which has now reached 69650 rupees. The price of gold and silver is likely to increase further in the coming days.
The prices of silver are increasing continuously than gold. This year, those investing in silver have benefited by seven times. The impact of international conditions and dollar price fluctuations is also visible on the price of gold and silver. Some market experts believe that by December this year, 24 carat gold can reach Rs 1.25 lakh per 10 grams. The wedding season is also going to start from November. In such a situation, if the price of gold and silver continues to increase continuously, then it can become a difficulty for the common man to buy it. In India, there is a practice of giving gold and silver in weddings.
