Gold 11 thousand rupees expensive in 2 months, know the reason?

Increase in gold price: Over the past two months, gold prices in India have risen sharply. Gold prices increased so much that in just two months the price of gold increased by 11 thousand rupees. Along with gold, silver prices continue to rise. Silver has also become expensive by 13 thousand rupees per kg in two months.

Difficulty in buying gold during wedding season

Wedding season is going on in India right now. Since ancient times in India, people have been gifting gold and silver to each other on the occasion of marriages, but after the huge increase in the prices of gold and silver, it has become difficult for common people to buy gold. Consumers are avoiding buying gold. The festival of Akshay Tritiya in India will be celebrated on May 10. Buying gold on this day is of particular importance, but this time the gold buying on the occasion of Akshay Tritiya may be affected due to the sharp rise in gold prices.

Gold became expensive by 11 thousand rupees in two months.

According to information on the official website of the Indian Bullion Jewelers Association (IBJA), the price of 24 carat gold on February 23 was Rs 62,000 per 10 grams, which has now increased to Rs 73,300 per kg. In this case, an increase of 11 thousand rupees has been recorded in the price of gold in less than two months.

A substantial increase in silver prices as well

Not only gold but also silver prices have recorded a sharp rise in the last two months. Silver has become expensive by Rs 16,847 in less than two months. According to the information given on the IBJA website, the price of silver on February 23 was Rs 69,653 per kg, which increased to Rs 86,500 per kg on April 16.

Will gold become more expensive in the future?

According to experts, international reasons are responsible for the increase in the prices of gold and silver in the local market. Due to the growing tension between Iran and Israel, there is an atmosphere of uncertainty all over the world. In such a situation, investors and central banks around the world are investing heavily in gold. In such a situation, the effect of increasing demand for gold is being seen on its prices. According to experts, there is little hope of gold prices falling in the coming months. In such a situation, those hoping for cheap gold may get a big shock.

Also read-

Canada Robbery: The world was shocked by Canada’s biggest robbery, 2 Indians are among the arrested suspects.

Leave a Comment