New Delhi. Dhanteras is on 18th October and Diwali is on 20th October. Before this, the prices of gold and silver seemed to be increasing continuously. According to the website of Indian Bullion and Jewelers Association, on Wednesday the price of 10 grams of 24 carat gold stood at Rs 126790. At the same time, the price of 10 grams of 22 carat gold is said to be Rs 123750. In the price released for the bullion market, the association had fixed the rate of 10 grams of 20 carat gold at Rs 112850. At the same time, the price of 18 carat gold reached 102700 and the price of 10 grams of 14 carat gold reached 81780.
Where the price of gold is continuously increasing. At the same time, the prices of silver have also stunned the customers and experts of the bullion market. The special thing is that the price of silver has not increased much in the international market, but suddenly the prices of silver in India have also started touching the sky. Business channel NDTV Profit has reported that on Tuesday the price of 1 kg silver had reached Rs 2 lakh in Jhaveri market of Mumbai. Whereas, just a week ago, 1 kg silver was available for Rs 1.62 lakh. It is believed that the prices of gold and silver may continue to rise like this till Dhanteras and Diwali.
Due to continuous increase in prices, there has also been a physical shortage of silver in the market. As a result, jewelers are not able to even give it to the customers. Recently, to control the shortage of silver in the market and the continuously rising rates, many companies have also banned investment in ETFs related to this precious metal. At the same time, due to the recent purchases of gold by the central banks of China, India and some other countries, this precious metal is also setting new price records. Investors are continuously investing money in gold and silver due to the Russia and Ukraine war, the value of the dollar and the fear of recession due to Trump’s tariffs. There is continuous investment in gold and silver because investors have not got any benefit due to the ongoing turmoil in the stock market since January this year.
