Gold-Silver Price New Year: Record sales of gold and silver on Diwali in 2022 and now after the spread of Corona, the price of both precious metals is seeing a rise. Let's know today's latest price.
This time the record marriages in November-December also supported the gold rate. Experts are hopeful that gold will go higher and break the old record of Rs 56,200 in the coming days. Apart from this, the rate of silver is expected to go up to Rs 80,000 per kg.
Rs 4176 per 10-gram fast
After Diwali, if we look at the rate from November 1 to December 30 (60 days), then there has been an increase of Rs 4176 per 10 grams of gold. According to the information given on the website of the India Bullions Association (https://ibjarates.com), gold had closed at Rs 50691 per 10 grams on 1 November 2022.
Similarly, from November 1 to December 30, there has been a rise of Rs 9044 per kg in silver. On November 1, the price of silver was Rs 59,048, which climbed up to Rs 68,092 per kg on December 30.
The latest rate of gold and silver
In the trading session that closed on December 30, 24-carat gold climbed up to the level of Rs 54867 per 10 grams. In the same session, silver closed at Rs 68092 per kg.
If you go to buy both precious metals, then you will have to pay 3 percent GST and make charges separately. The price of 23-carat gold reached Rs 54647, 22-carat Rs 50258, and 18-carat Rs 41150 per 10 grams.
Why will gold and silver go up?
This time there have been recording marriages in November and December. In the coming days, the process of marriages will continue at the end of January and February also. According to a report, from November 2022 to February 2023, there are estimated to be 32 lakh marriages in the country.
On the other hand, due to the spread of Corona epidemic, people will turn towards safe investments. In both these situations, the demand for gold is expected to increase and the rates will go up.
Sayam Mehra, Vice President of All India Gem and Jewelers Domestic Council, says that 15 to 20 percent of the wedding budget is spent on gold and diamond jewelry.
