Gold prices have been steadily rising due to increased tensions between the US and North Korea and the purchase of domestic jewelers. In just six days, its price has increased to 630 rupees per ten grams.Meanwhile, there has been a huge surge of rupees 1875 in silver prices. Experts believe that increasing global tension has increased the demand for gold as a safe investment option. Gold prices are picking up. However, fundamentals are still weak. So, the speed of gold is not very sustainable.Gold and silver prices
On Saturday, gold rise by Rs 30 to Rs 30,050 per 10 grams in Delhi’s Sarafa Bazar. Likewise, the rise in industrial units and coin makers also led to the rise in silver prices by Rs. 70 to Rs. 40,200 per kg. In Delhi, the prices of 99.9 and 99.5 purity rise by Rs 30-30 each to Rs 30,050 and Rs 29,900 per 10 grams, respectively. However, the price of Gunnies remained steady at Rs 24,500 per eight grams. However, between the limited deals, the silver coins remained at Rs 72,000 and on the previous level of Rs 73,000 per sq.Why did the prices rise?
Market experts say that demand for gold has accelerated due to increased tensions between the US and North Korea due to increased investment in safe investment. Apart from this, the continuity of local jewelers in the domestic market has supported the trend. Gold in New York rise 0.23 percent to $ 1,288.70 an ounce in Friday’s trade.Gold price was 630 rupees and silver was Rs 1875
In a week, gold prices have risen by Rs 630 to Rs 29,420 per 10 grams on Saturday. On the other hand, silver prices have seen a spurt of Rs 1875 in the week, as against the previous week’s silver price of Rs 38,325.
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