Publish Date: | Sun, 20 Feb 2022 08:19 AM (IST)
Raipur bullion price: Raipur (Naiduniya representative). Gold and silver prices have fluctuated a lot throughout the month due to the influence of the international market. Where gold has become expensive by Rs 1850. On the other hand, silver prices have declined by Rs 300. Last month on January 19, gold per ten grams (standard) was Rs 49900 and silver was Rs 65,300 per kg.
Along with this, on February 19, gold per ten grams (standard) is Rs 51750 and silver is Rs 65000 per kg. Bullion experts say that there is a situation of tension between the two countries at the international level and there is a situation of war. Due to this, the price of gold is increasing. There are signs of further upside in gold in the coming days.
increased purchases
These days, buying in bullion institutions has increased. Traditional and new collections of jewelry are also available in the institutes. Bullion traders say that compared to previous years, this year January-February had a very good business. Even though the effect of corona infection was high in January, it did not affect the business much. Harakh Malu, president of Raipur Bullion Association, said that such fluctuations will continue in both the precious metals.
Gold loan increased during Corona period
These days, attractive offers are being given on gold loans by gold loan companies as well as banks. Also it is being made easily available. It is being told that the number of gold loan borrowers has increased in the last two years. Gold loan is also being liked a lot by the people due to its instant availability.
Prices were lower in the month of February in 2020 and 2021
In February 2020, gold was at the level of Rs 43000 per ten grams (standard). Similarly, in February 2021, gold per ten grams (standard) was at the level of Rs 47000-48000 per ten grams.
Posted By: Sanjay Srivastava