7,000-8,000 rupees less for gold, find out at what price gold will reach by Diwali?

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Gold Prices: Good news for you if you want to buy gold. Gold prices have been fluctuating for quite some time in a row. Gold has been seen trading between Rs 48,000-49,000 per 10 grams for quite some time. In such a situation, gold is still fetching rs 7,000-8,000 per 10 grams less than its high. Gold has been trading at a 5-month high of Rs 49,700 per 10 grams in recent times. Bullion market experts believe gold is still getting cheaper.

Gold was trading 441 rupees higher on Friday, the last trading session of last week. Gold had closed at Rs 48,530 per 10 grams. Earlier on Thursday, gold was at Rs 48,089 per 10 grams. Silver prices had jumped by Rs 1148 per kg and silver closed at Rs 71,342 per kg. Silver prices closed at Rs 70,284 per kg on Thursday. Gold prices in the international market were at $1896 an ounce, while silver was at $28.15 an ounce

  • In Delhi, the price of 22-carat gold was Rs 48, Rs 250 per 10 grams, and 24-carat gold was at Rs 52,640 per 10 grams.
  • In Mumbai, the rates of 22-carat gold were Rs 47,760 per 10 grams, and 24-carat gold rates were at Rs 48,760 per 10 grams.
  • In Kolkata, the rates of 22-carat gold were Rs 48,560 and 24-carat gold rates were at Rs 51,260 per 10 grams.
  • In Chennai, the rates of 22-carat gold were Rs 46,400 per 10 grams, and 24-carat gold rates were at Rs 50,620 per 10 grams. In Bengaluru, the 22-carat gold rates were at Rs 46,100 and the 24-carat gold rates were at Rs 50,300 per 10 grams.
  • In Ahmedabad, the rates of 22-carat gold were Rs 48,300 and 24-carat gold rates were at Rs 50,300 per 10 grams.
  • In Chandigarh, the rates of 22-carat gold were Rs 48,250 and 24-carat gold rates were at Rs 52,640 per 10 grams.
  • In Lucknow, the rates of 22-carat gold rates were Rs 48,250 and 24 carats were at Rs 52,460.
  • In Patna, the rates of 22-carat gold were Rs 47,760 and 24-carat gold rates were at Rs 48,760.

Find out how much gold prices will rise by Diwali

You know that in the past, gold rates had reached a five-month high of Rs 49,700 per 10 grams. Experts are of the opinion that gold will continue to fluctuate but prices will continue to rise. Gold prices can see a 10-15 percent jump in at least one to one-and-a-half years.

Hallmarking to be mandatory from June 15

Gold will not sell in the market without hallmarking from June 15. Despite the increasing cases of the corona, the government has decided to implement it. It was earlier scheduled for June 1. The purity of gold is detected by hallmarking.

Gold prices fall by Rs 7,000 from high

Gold prices currently remain around Rs 49,000 per 10 grams. This shows that it is fetching Rs 7,000 less than the record level of Rs 56,200. But market experts believe that gold prices may go up 10-15 percent in the near future. Given corona cases, it can be said that gold prices can go up to their record levels. According to a report, gold prices can create record levels this year as in the previous year.

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