Gold-Silver Price: Silver Soars Rs 8,000 in Early Trade, Gold Extends Gains on MCX

New Delhi: Latest updates are coming regarding the prices of gold and silver. The prices of gold and silver increased on Wednesday. The price of 24 carat gold in Delhi increased to Rs 1,58,000 per 10 grams. The same rate is running in Mumbai also. Reached Rs 78,300 in Chennai and Hyderabad. Silver rose by Rs 8,000 per kg to Rs 2,60,000.

What are the prices of gold today?

Gold also left behind its phase of weakness. Gold for delivery on April 2 had closed at Rs 1,56,803 per 10 grams in the previous session. On Tuesday it opened at Rs 1,58,436. During trading, gold rose to a high of Rs 1,58,436, while the low was Rs 1,57,808.

What is the price of silver?

On MCX, silver for delivery on March 5 had closed at Rs 2,52,548 per kg in the previous session. On Tuesday morning it opened directly at Rs 2,57,938. Within a short time, purchasing increased and the price reached Rs 2,60,838 per kg. Silver became costlier by around Rs 8,000 in the first hour of trading.

What were the prices of gold and silver in different cities?

• 24 carat gold price in Delhi Rs 1,57,917 per 10 grams  
• Price of 22 carat gold Rs 1,44,757 per 10 grams 
• Silver price Rs 2,59,840 per kg 
• 22 carat gold price in Mumbai Rs 1,14,448 per 8 grams 
• Price of 24 carat gold Rs 1,27,033 per 8 grams 

How is the local market?

A surge was recorded in Delhi's Karol Bagh. More buyers were seen in Johri Bazaar of Mumbai. The demand was high in Chennai due to the wedding season. Similarly, demand increased in Hyderabad also.

What are the possibilities ahead?

Experts say prices may increase further. The policy of the US Fed is considered important. If the dollar weakens further, gold may become more expensive.

How is the wedding season going?

Demand for gold and silver jewelery has increased due to the wedding season. A crowd is gathering at jewelery shops in Delhi. People are buying 22 carat more. The demand for designer jewelery is high.

What advice for investors?

Experts say that gold is safe right now. Buy gold for long term. You can get good returns in silver also, but keep an eye on the volatility of the market. This rise is good news for investors. Gold made a new record. Silver is also rising. Further surge is possible in the next weeks.