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New Delhi: Today again the prices of gold and silver increased. The prices of both were going up and down for the last few days, but today there was a slight rise as soon as the market opened. Investors and buyers are again getting attracted towards them. The impact is also visible in the international market—geopolitical tension, rumors of trade war and the strength of the dollar have increased safe haven demand.
Today a slight increase was seen in 24-carat gold. There is a slight variation in the rates in different cities, but overall it remains at a strong level. 22 carat gold also went up along with it. It is important for jewelry buyers to check the market daily because prices can change daily.
Silver is also showing good growth today. Trading between Rs 284,900 and Rs 2,85,000 per kg – up Rs 100-700 from yesterday. Silver is around Rs 277,000 on MCX, jump of 1.8-2%. Interest has increased due to both industrial demand and investment.
There are many reasons for changing prices. Global market fluctuations, dollar strength, uncertainty over US tariffs and geopolitical risks—when fear spreads in the market, people buy gold and silver considering it a safe option. Inflows into ETFs are also increasing.
If you are thinking of investing, keep an eye on the market – ups and downs may continue. Those buying jewelry should check the latest rates in their city, because local jewelers have separate making charges, and the prices can change within minutes. Experts are saying that if the tension increases, it may go higher, but it is better to be cautious.