Gold Price 17th March: Gold, which reached close to 58900 a month and a half ago, is again making a fast record. In August 2020, gold touched a record of 56,200. After February, gold had come down to 55000. But now again the trend of increasing in this is going on for the last few days.
Silver also reached the level of 71500 on 2 February 2023. Later it fell by Rs 10,000 to Rs 61,500 per kg. But now again the trend of rising in both the precious metals is going on.
Experts had expressed hope in the last days that there will be a tremendous increase in the price of gold and silver this Diwali. The price of gold was expected to reach Rs 65,000 and that of silver Rs 80,000 per kg. Amidst the recession in the world market, there is a period of ups and downs in both gold and silver.
On Friday, both gold and silver saw a rising trend on the Multi-Commodity Exchange (MCX). Gold is trading at Rs 58252 with a gain of Rs 246 and silver at Rs 67254 with a gain of Rs 723.
On Thursday, gold had closed at Rs 58006 per 10 grams and silver at Rs 66531 per kg on the Multi-Commodity Exchange. A day earlier also there was a rise in both the precious metals.
Softness was observed in the bullion market on Friday. According to the price released by the India Bullions Association (https://ibjarates.com), 24-carat gold fell by Rs. 182 to Rs. 58159 per 10 grams and silver by Rs. 374 to Rs. 66937 per kg.