Gold Price: Gold is ₹ 1,323 strong, silver rises by ₹ 1,109, know where gold will reach by the end of the year


Highlights

Gold price rose by Rs 1,323 in a week
Silver price rose by Rs 1,109 in a week
Rates issued by IBGA are universal across the country

New Delhi. There has been a rise in the weekly prices of gold in the Indian bullion market. At the same time, silver has also become expensive. In this business week, a rise of Rs 1,323 per 10 grams has been recorded in the price of gold, while the price of silver has risen by Rs 1,109 per kg. According to the website of the India Bullion and Jewelers Association (IBJA), at the beginning of this business week (November 7 to 11), ie on November 7, the rate of 24 carat gold was 50,958, which increased to Rs 52,281 per 10 by Friday. Village is done. At the same time, the price of 999 purity silver has increased from Rs 60,245 to Rs 61,354 per kg.

It is noteworthy that the prices issued by IBGA give information about the standard price of gold of different purity. All these prices are before taxes and making charges. The rates issued by IBGA are common across the country but GST is not included in its prices.

Also read- Forex Reserves: Forex reserves dive again, fall by $ 1.09 billion in seven days

Gold price can reach up to Rs 53,300 by December
Experts in the bullion market say that the reason for the rise in gold is the fall in the dollar, the possibility of a reduction in the US interest rate hike, the wedding season. Apart from this, gold can also get support from geo-political tension. According to Ajay Kedia, director of Kedia Advisory, gold can go up to Rs 53,300 per 10 grams by the end of this year.

How much gold rate changed in last one week
November 07, 2022- Rs 50,958 per 10 grams
November 08, 2022 – Market Holiday
November 09, 2022 – Rs 51,514 per 10 grams
November 10, 2022 – Rs 51,514 per 10 grams
November 11, 2022 – Rs 52,281 per 10 grams

How much silver rate changed in last one week
November 07, 2022 – Rs 60,245 per kg
November 08, 2022 – Market holiday
November 09, 2022- Rs 61,550 per kg
November 10, 2022- Rs 61,200 per kg
November 11, 2022 – Rs 61,354 per kg

Gems and jewelery exports up 55 per cent in FY22
Significantly, gems and jewelery exports have picked up in 2021-22 and compared to the previous financial year, it has increased by about 55 percent to $ 39.15 billion. Industry body Gems and Jewelery Export Promotion Council ie GJEPC said that the gross export of gems and jewelery stood at $25.40 billion in 2020-21.

Tags: 22 carat gold, 24 karat gold, 24 karat gold price, Golden, Gold price, Gold price in Hindi, Gold Price News



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