Gold in any respect time excessive: It reached close to 66 thousand for the primary time, can go as much as 70 thousand this 12 months

Gold has reached all time excessive as we speak i.e. Wednesday (20 March). In keeping with India Bullion and Jewelers Affiliation, 10 grams of gold has elevated by Rs 206 to Rs 65,795. Earlier this month, on March 11, gold had made an all-time excessive of Rs 65,646 per 10 grams.

On the identical time, as we speak there’s a slight rise in silver additionally. It grew to become costlier by Rs 15 and closed at Rs 73,859 per kg. Earlier yesterday, the worth of silver was Rs 73,844. Silver had made an all-time excessive of Rs 77,073 final 12 months i.e. on December 4 in 2023.

Gold value in response to carat

3 major causes for the rise in gold:

Gold grew to become costlier by greater than 8 thousand rupees in 2023
Originally of the 12 months 2023, gold was at Rs 54,867 per gram, which reached Rs 63,246 per gram on December 31. Meaning within the 12 months 2023, its value elevated by Rs 8,379 (16%). On the identical time, silver additionally elevated from Rs 68,092 to Rs 73,395 per kg.

Gold can go as much as Rs 70 thousand
In keeping with market consultants, the rise in gold costs could proceed within the coming days. Attributable to this, by the tip of this 12 months, gold can go as much as Rs 70 thousand per 10 grams. On the identical time, silver may attain Rs 75 thousand per kg.