The price of gold is skyrocketing and the price of silver is also increasing continuously, this can be gauged from the fact that in the last few days, the price of this metal has rapidly increased to Rs 1 lakh per kg. The prices of these two precious metals continue to surprise this holiday season. In the last week, there has been a sudden big change in the prices of gold and silver (Gold-Silver Price Change). Let us know…
Gold has become very expensive
First of all, let’s talk about the price of gold. On Friday, its price on the Multi Commodity Exchange was trading at Rs 78,577 per 10 grams of gold expiring on December 5. If we look at the price fluctuations of gold in a week, on October 18 its price was Rs 77,749 per 10 grams. Consequently, the price of gold in futures trading has increased by Rs 828 per 10 grams.
If we talk about the price of gold in the domestic market, according to the website of the Indian Bullion Jewelers Association (IBJA), on October 18 the gold price had reached around Rs 77,332, but on October 25, the gold 24 karat Gold price (24 karat gold price) closed at Rs 78,020 per 10 grams. If we look at this change, gold has become more expensive by Rs 688 per 10 grams in the domestic market in a week.
The price suddenly dropped after the quote.
We tell you that in the month of July, when the Modi Government announced the reduction of customs duties on gold and silver in the Budget (Budget 2024), after this the gold prices had fallen drastically and were around 67,000 . It was close, but since the beginning of August the price of the yellow metal has increased continuously. If we look at the latest price of gold of another quality, then…
| quality | Gold rate (according to IBJA) |
| 24 carats | Rs 78,020/10 grams |
| 22 carats | Rs 76,140/10 grams |
| 20 carats | Rs 69,430/10 grams |
| 18 carats | Rs 63,190/10 grams |
| 14 carats | Rs 50,320/10 grams |
Silver prices continue to rise
Along with gold, the brilliance of silver has also increased rapidly. Only last week the price of silver had crossed Rs 1 lakh per kg. Although its price has definitely come down from this high level, the price of one kg of silver on MCX is still Rs 97,269. If we look at the change in the price of silver in a week, on October 18, one kg of silver was worth Rs 95,403. That is, the price of this metal has increased by Rs 1,866 until now.
