Jaipur : With the beginning of the festive season, there is a continuous increase in the prices of gold and silver. At that time the price of gold was around Rs 76,000 per 10 grams, but now on the occasion of Dhanteras and Karva Chauth it has crossed the figure of Rs 77,000. And it is believed that it will increase further before Diwali. At present, along with gold, silver has also reached its highest level, due to which excitement as well as concern has increased in the market. Because the festive season may fade away due to rapidly rising prices.
Huge jump in gold prices
If we talk about gold, then according to Jaipur bullion market, there has been a huge rise in the price of 24 carat gold. On Thursday it was Rs 78,260 per 10 grams. The price of 24 carat gold (also known as 999 gold) in the market on Friday is Rs 7,827 per gram. In which an increase of Rs 567 has been recorded.
Confidence increased due to fall in silver
Like gold, there has been a huge jump in the prices of silver too. While till Thursday silver was at Rs 97,000 per kg, on Friday it reached Rs 91,000 per kg. Due to which silver is also becoming an attractive option for investors. Because traders are confident that buyers may turn to silver instead of gold.
Budget spoiled during festive season
Due to rising prices, gold and silver have become an attractive option for investors, but for common customers, rising prices during the festive season are creating problems. High prices can weigh heavily on the budget of buyers. However, some investors are seeing this as an opportunity and are predicting further rise in prices. But for common people it is also creating a situation of going out of budget.
