Gold and silver prices have been continuously increasing, leading to a jump in prices on May 18. This surge has caused excitement among investors, with the price of gold per 10 grams rising by Rs 700 to Rs 76,000 and the price of silver reaching a record level of Rs 92,100 per kg. In the last 4 days, the price of 24-carat gold fluctuated, with the price on May 18 being Rs 76,000, falling to Rs 75,300 on May 17, and rising from Rs 74,550 on May 15.
The price of gold in various major cities has also seen variations, with Chennai, New Delhi, Kolkata, Mumbai, Ahmedabad, Bhopal, Kerala, and Hyderabad all having different rates for 22 carat and 24 carat gold. The increase in the price of gold has been significant, with 22 carat gold rising by Rs 800 to Rs 68,400 per 10 grams and 24 carat gold increasing by Rs 870 to Rs 74,620 per 10 grams. Similarly, the price of 100 grams of gold also saw substantial increases, with 18 carat gold going up by Rs 650 to Rs 55,960 per 100 grams.
Silver prices have also seen a significant rise, breaking an 11-year record on May 18. The price of silver per kg increased by Rs 3,900, reaching Rs 93,000, which is an all-time high. The price of 100 grams of silver also rose by Rs 390 to Rs 9,300. The surge in silver prices further underscores the trend of precious metals becoming a lucrative investment option for many people.
Overall, the increase in gold and silver prices is a reflection of the current market conditions and investor sentiment. The record-breaking prices and fluctuations in the precious metals market indicate a high level of interest and demand for these commodities among investors. The rise in the prices of gold and silver is not only significant for investors but also for the overall economy, as it can have far-reaching impacts on various sectors. The continuous increase in prices may be a result of various factors such as global economic conditions, geopolitical tensions, and market speculation, all of which contribute to the volatility of the precious metals market.. Read More Here
