gold became cheaper
Gold-Silver Price Today: The fire in gold prices seems to be calming down a bit. The pace of gold, which is continuously making new records, has come to a halt and a decline has been recorded in the price of gold in every category from 18 to 24 carat. However, while on one hand gold buyers have got some happiness, on the other hand silver prices have surprised everyone. Unlike gold, the shine of silver has increased even more.
How much did your jewelery become cheaper?
Last Saturday, December 6th bullion market Movement was seen. This update is important for those who were planning to buy jewelery due to the wedding season. The price of 24 carat gold, which is considered the purest, has decreased by Rs 540 per 10 grams. After this fall, its price has now come down to Rs 1,30,150 per 10 grams. At the same time, if we talk about 22 carat gold, which is bought the most in common Indian households, then a decline of Rs 500 was recorded in it, due to which its new price became Rs 1,19,300. Apart from this, the price of 18 carat gold has also fallen by Rs 410 to Rs 97,610.
68 thousand to 1.35 lakh journey in a year
Gold’s journey in the last one year has been no less than a roller coaster. In the last 14 to 16 months, gold has made investors rich, while putting a heavy burden on the pockets of the common buyer. If we look at the figures, there has been a tremendous jump of about 80 percent in the prices of gold during this period.
Last year in August, the price of 24 carat gold was around Rs 68,780. At the same time, in October this year, around Dhanteras, the same gold had touched the historical level of Rs 1 lakh 35 thousand. That means, within just one and a quarter year, gold has jumped by 70 to 80 percent.
Silver gained momentum, crossed Rs 1.90 lakh
The most interesting aspect of the market was that while gold took steps backward, silver took a huge leap. There was a huge rise in the prices of silver on Saturday. The price of one kg silver has increased by Rs 3,000 and has crossed Rs 1 lakh 90 thousand. According to market experts, in last week’s trading sessions, silver has left gold behind in terms of returns.
Also read- Gold Price: The shine of gold increased again! Will the price cross Rs 1.50 lakh now?