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Before Diwali, gold and silver prices rose sharply, gold became costlier by Rs 426 in a week

Gold-Silver Price Hike: Before the festive season, there is a strong increase in the prices of gold and silver. For a week, there has been a continuous increase in the prices of Gold and Silver. According to the website of India Bullion and Jewelers Association (IBJA), the price of gold on October 18 was Rs 47379 per 10 grams. At the same time, on 23 October, gold rates were at the level of Rs 47805 per 10 grams. So in this way gold prices have seen an increase of Rs 426 in a week.

Silver becomes costlier by Rs 2100
Talking about silver prices, on 18 October 2021, the price of silver was Rs 63186 per kg. At the same time, on October 23, the price of silver was Rs 65,294 per kg, while the price of silver has seen an increase of about Rs 2100 in a week.

fast growing gold demand
Experts believe that petrol-diesel and inflation are increasing rapidly, due to which the demand for gold can be seen in the festive season. For the last two weeks, there has been a continuous increase in the prices. Anuj Gupta, Vice President (Commodity & Currency), IIFL Securities believes that gold prices can reach the level of 50 thousand by Diwali.

Gold is cheaper by Rs 8,395 from record level
In August 2020, gold touched a record level of Rs 56200. At the same time, in today’s time, the price of gold is at the level of Rs 47,805 per 10 grams. Let us tell you that at present gold is at the level of Rs 8,395 per 10 grams from the record level.

What is the price in Delhi bullion market?
Talking about the Delhi bullion market, so far this month, gold prices have seen a rise of Rs 1,338. Let us tell you that on October 1, the price of gold in the bullion market was Rs 46,467 per 10 grams, which has increased to Rs 47,805 per 10 grams.

gold import increased in september
Gold imports have also increased manifold to $5.11 billion in September this year. In September 2021, it was $ 6014 million. On the other hand, in April-September, silver imports declined by 15.5 per cent to $619.3 million. However, silver imports rose to $55.23 million in September, from $923 million in September 2020.

Check rates by giving a missed call on this number
You can also check gold prices sitting at your home. According to the Indian Bullion and Jewelers Association, you can check the price by just giving a missed call to the number 8955664433. Your message will come on the same number from which you message.

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