There was a rise in the prices of gold and silver this week. Gold rose by Rs 3,666 in a week to Rs 1.47 lakh per 10 grams. Before this, it was at Rs 1.43 lakh last week i.e. on 27th March. At the same time, silver has increased from 2.22 lakh kg to Rs 2.28 lakh. That means its price increased by Rs 6,166. Due to the ongoing war between America and Israel with Iran, there are continuous fluctuations in the prices of gold and silver. During this period, gold has become cheaper by Rs 12,489 and silver by Rs 38,887 in 36 days. This week, gold became cheaper by ₹ 3,666 and silver by ₹ 6,166 thousand. See the current prices of gold in different cities of the country in the map… 4 reasons for the difference in gold prices in different cities. Gold became cheaper by ₹ 30 thousand from all time high. There was a rise in gold in the beginning of the year, but in recent weeks there has been a decline due to profit booking and Iran war. Silver crash: From ₹3.86 lakh to ₹2.28 lakh, silver was more volatile than gold and has come down sharply from the all-time high. Main reasons for the decline: Increased confidence in cash. Generally, gold and silver prices increase in war environment, but this time the situation is different: According to commodity expert Ajay Kedia, this decline in gold and silver prices may continue in future also. In such a situation, investors should avoid investing in gold and silver right now. While buying gold from jewellers, keep these 2 things in mind: 1. Buy only certified gold: Always buy certified gold with hallmark of Bureau of Indian Standards (BIS). This number can be alphanumeric i.e. something like this – AZ4524. Hallmarking shows how many carats the gold is. 2. Cross check the price: Cross check the exact weight of the gold and its price on the day of purchase from multiple sources (like the website of India Bullion and Jewelers Association). The price of gold varies according to 24 carat, 22 carat and 18 carat. 4 ways to identify real silver ————————————– Also read this news… Gold in Indian households is more than the country’s GDP: 34,600 tonnes of gold worth ₹ 450 lakh crore, country’s GDP ₹ 370 lakh crore. The value of the total gold held by Indian households has crossed 5 trillion dollars (₹ 450 lakh crore). This figure is more than the country’s total GDP of 4.1 trillion dollars i.e. Rs 370 lakh crore. This has happened due to gold prices reaching record high. According to a report by Morgan Stanley, about 34,600 tonnes of gold is deposited in Indian homes. Currently the value of gold is around Rs 1.38 lakh per 10 grams. Whereas in the international market, gold is trading beyond $ 4,500 per ounce (about 28 grams). If we convert it into rupees then its value is around Rs 1.30 lakh per 10 grams. Read the full news…
Source link
[ad_3]
Gold became cheaper by ₹ 3,666 this week, reached ₹ 1.47 lakh: After the Iran war, it fell by ₹ 12,489, silver increased by ₹ 6,166 to ₹ 2.28 lakh.
