Gold and silver became expensive before Holi, 22k gold ₹ 80,500 and silver ₹ 98,900, investors stirred up

Nowadays prices of precious metals like gold and silver vary continuously. This change depends on many factors, such as international market status, demand and supply, and economic stability. Gold and silver prices in India may also vary according to the states, which depend on the demand and taxes of the local market.

Recently, gold and silver prices have seen a fall, which has given relief to investors and consumers. This decline can occur for several reasons, such as improvement in global economic conditions or decrease in demand in domestic market.

In this article, we will discuss the current prices of gold and silver in detail, as well as discuss the reasons behind them and future prospects.

Table of main points

Understand the prices of gold and silver

Both gold and silver are precious metals whose prices vary from time to time. Gold prices are usually seen as 22 carats and 24 carats, while silver prices are seen in per kg.

How are gold prices fixed?

Gold prices depend on many factors, such as:

• International Markets: Gold prices are fixed in the global market, which affects the price of gold compared to the dollar.





• Demand and Supply: Balance of gold demand and supply also affects prices.





• Economic conditions: Gold is considered a safe investment option at the time of economic instability, which can increase its prices.

How are silver prices fixed?

Silver prices also depend on the international market and industrial demand. Silver is also used in electronics and other industries, which affects its prices.

Current price of gold and silver

Nowadays, the prices of gold and silver are seen falling. This decline can occur for several reasons, such as improvement in global economic conditions or decrease in demand in domestic market.

Current gold prices

• 24 carat gold: From Rs 85,723 to Rs 87,800 per 10 grams.





• 22 carat gold: From Rs 78,522 to Rs 80,500 per 10 grams.

Current silver prices

• Silver: From Rs 95,875 to Rs 98,900 per kg.

detailed information

Due to fall in gold prices

Gold prices may fall due to several reasons:

• Improvement in global economic conditions: When stability in the global economy comes, investors are attracted to other investment options than gold.





• Reduction in demand: Prices may also fall due to low demand for gold in the domestic market.





• Dollar strength: When the dollar is stronger, gold prices may decrease.

Due to fall in silver prices

Silver prices also depend on many factors:

• Reduction in industrial demand: Silver is used in electronics and other industries. If the demand in these industries is low, silver prices may fall.





• Global Economic Conditions: Silver prices are also affected by global economic conditions.

Gold and silver for investment

Both gold and silver are considered good investment options. Gold is a safe investment option, while silver prices are more unstable but its industrial demand is high.

Benefits of investment in gold

• Safe investment: Gold is considered a safe investment option at the time of economic instability.





• Price stability: Gold prices are usually stable and the price increases over the long term.

Benefits of investment in silver

• Industrial demand: Industrial demand for silver is high, which affects its prices.





• Low price: Silver costs lower than gold, which can also be a good option for small investors.

conclusion

Gold and silver prices vary from time to time, which depend on various economic and market-related factors. If you are planning to invest in gold or silver, it is important to analyze the current status and future possibilities of the market.

Disclaimer : This article is written only for the purpose of providing information. It would be appropriate to seek the advice of an expert before investment. The prices of gold and silver depend on market conditions and how to change in the future, there is no guarantee.