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Gold is cheaper by 12000, now it is expensive, know how much can go up

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Gold is cheaper by 12000, now it is expensive, know how much can go up

Gold has become cheaper by about Rs. 12000 from its highest price. In the last 4 days, gold has become costlier by about Rs. 1000 per 10 grams. Gold and silver prices are rising rapidly before the season of sahalag i.e. weddings. On Friday, on the last trading day of last week, the price of 24-carat gold in the bullion markets closed at Rs 44332 per 10 grams and today ie on 18 March Thursday, gold has reached Rs 45253. At the same time, silver has strengthened by Rs 1749 during this period.




Gold and silver prices soared in 4 days

date Gold Rate in the morning Rs / 10Gm Gold evening price Rs / 10Gm Silver Morning Price RS / Kg Silver evening price RS / Kg
18 March 2021 45253 67590
17 March 2021 44965 44791 66527 66654
16 March 2021 44926 44861 67304 66940
15 March 2021 44827 44828 66535 66965
12 March 2021 44601 44332 66480 65841

Soon the price will reach Rs 47000

In India, gold can go back up to Rs 47,000 per 10 grams and silver can go up to Rs 70,000 to Rs 72,000 per kg. According to Ajay Kedia, director of Kedia Advisory, gold in the domestic futures market had closed flat in the previous session, but due to the boom in the international market after the Fed’s decision, the domestic bullion market can also see a huge boom. He points out that the Federal Reserve has indicated no change in its policy interest rates by 2023, leading to a bullion market boom, while putting pressure on the dollar. Explain that the US central bank has decided to keep the federal fund rate stable at minus 0.25 percent.

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