The Russia-Ukraine war has seen a significant surge in gold and silver. On Monday, the first day of the week, the price of 10 grams of gold has once again crossed 53,500. At 11 a.m., gold was trading at Rs 53,612 in the futures market MCX. According to the website of the Indian Bullion and Jewelers Association, gold rose by Rs 1,450 to Rs 53,234 per 10 grams. Today, the price of 10 grams of gold in Gujarat’s jewelery market has reached 55 thousand while the price of a kilo of silver is 67 thousand.
Silver crossed 70 thousand At 11:30 a.m., silver was trading at 70,690 on the MCX. When it comes to the jewelery market, the price of silver today is Rs. 69,920. According to experts, the price of silver may reach 80 thousand in the coming days.
If the tension of the war remains, gold will be worth Rs. 56,000 can also happen Manoj Soni, Director, AB Jewels, Ahmedabad, said: As a result, gold prices continue to rise in the domestic market. If tensions between the two countries remain high, gold will touch Rs. 56,000
Can reach the level of 10 g per. However, at present in the Indian market, buying jewelery is considered as off-season, so buying jewelery is not very popular at this time. If the situation becomes normal then gold will fall again.
So far this year, the gold price has touched Rs. 5000 increased If we talk about the year 2022, so far the price of gold has gone up by Rs. 4,955. The price of 10 grams of gold in the jewelery market was 48,279 on January 1, which has now risen to 53,234. When it comes to silver, the price of 1 kg of silver has gone up from Rs 62,035 to Rs 69,920. Thus, the price of silver has risen by 7,885 this year.
Gold crosses 1, 1,982 in international markets In international markets, gold has touched 9 1,982.57 an ounce. When it comes to silver, it has come close to 26 26 an ounce.
In 2-3 months the price of gold can be 56 thousand Anuj Gupta, vice president (commodities and currencies) at IIFL Securities, said the Russia-Ukraine war has boosted gold prices. Other than that inflation is out of control. As a result, gold in the international market could reach સપાટી 2100 in the next 2-3 months. Because of this, the price of gold in our country can reach 56 thousand. When it comes to silver, the price per kg is likely to be 80 to 85 thousand this year.
In the first wave of Corona in 2020, gold crossed the 56 thousand level. In August 2020, it reached a record high of 56,200. At the time there was fear among investors due to the Corona epidemic. In general, the stock market is susceptible to losses and other currencies weaken against the dollar, leading to a rise in gold prices. Such a situation is being witnessed in the market once again.