The post Gold-silver: Gold has started becoming expensive again due to increase in Corona cases, know how much the price today appeared first on NewsCrab.
On Thursday, the price of gold and silver rose in the national capital. The 24-carat yellow metal rose by Rs 182 to Rs 45,975 per 10 grams in the national capital today. According to HDFC Securities, gold had closed at Rs 45,793 per 10 gram in the previous trade.
Silver became costlier by Rs 725 Talking about silver, it rose by Rs 725 to Rs 66,175 per kg. Silver had closed at Rs 65,450 on the previous trading day. In the international market, gold reached $ 1,744 an ounce while silver was at $ 25.30 an ounce.
Yellow metal getting expensive as infection increases It may be known that gold has gained a lot in this financial year. Gold touched the highest level. This is because there was panic in the global economy due to the coronavirus epidemic. When there is fear in the global economy, people tend to move towards gold. After this, the price remained stable for about a month, but now with the transition of Corona, gold prices have started rising once again. In the past week, 24-carat gold has become costlier by Rs two thousand per 10 grams in the spot market. In the India Bullion and Jewelers Association, the price of pure gold reached close to Rs 46 thousand per 10 grams. Whereas on 31 March, gold was being sold at a price of 44 thousand. In Ratlam, the main bullion market of Madhya Pradesh, the price of 24-carat gold has again crossed 47 thousand rupees per ten grams.
These factors also increased the price According to traders, the price of gold was stable for a month or it declined slightly. But from April 1, it is seeing a boom again. Gold has become expensive by Rs 1,000 per 10 grams in two days. Apart from this, the price has also been affected due to the depreciation of the rupee against international currencies in the past and the expectation of good demand from the start of the wedding season.