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New Delhi: There is a tremendous rise in the prices of gold and silver in the country. Gold prices have been going up continuously for the last four days and as of December 1, 24 carat, 22 carat and 18 carat gold has reached near its all-time high. A total increase of Rs 27300 has been recorded in the price of 100 grams of 24 carat gold in the market, while the price of 10 grams has increased by Rs 2730 in these days.
Silver has shown an even stronger rise than gold since November and on December 1, its price jumped by Rs 3000 to Rs 188000 per kg. Market experts believe that gold prices may hit new record levels on December 2.
What is the price of gold in the country?
In India, the price of 10 grams of 24 carat gold was Rs 130480, the price of 22 carat was Rs 119600 and the price of 18 carat was Rs 97860. Similarly, the prices of 100 grams were recorded at Rs 1304900, Rs 1196100 and Rs 97870 respectively. The prices of 8 grams of gold were Rs 104392, Rs 95688 and Rs 78296. The cheapest gold was recorded at Rs 13049 per gram for 24 carat, Rs 11961 per gram for 22 carat and Rs 9787 per gram for 18 carat.
What will be the prices in the coming time?
The biggest jump in gold prices was seen on November 29, when 100 grams of gold became costlier by Rs 13600. According to experts, we may see further increase in this. Silver prices are also increasing rapidly. In December, one kg of silver jumped by Rs 3000 to reach Rs 188000, which is very close to its all-time high of Rs 190000.
100 grams and 10 grams of silver also became costlier by Rs 300 and Rs 30 respectively. The price of 8 grams silver was Rs 1504. From November 25 to December 1, silver has increased by Rs 25,000 per kg and is showing a continuous rise.
What did the experts tell?
Gold and silver continue to rise on MCX also. Experts say that the expectation of interest rate cuts in America, increasing debt and global economic uncertainty are strengthening gold. According to commodity analysts, gold may remain in the upper range of Rs 128000 to Rs 134000. In such a situation, both gold and silver are on the verge of making new records in the Indian market.
