Gold has been flat against gold over the past 10 days. In bullion markets where gold rose by Rs 359 per 10 grams over the course of 10 days, silver was trading at Rs 1809. Market experts believe that gold could reach 55,000 rupees again by Diwali. At the same time, silver can stay from 68000 to 72000.
For the last year, the gold spot price on July 21, 2020 was Rs 49440 per 10 grams. In this sense, it is now cheaper by Rs 1218. At the same time, if we talk about silver, it costs Rs 12130 per kg. On 21 July 2020, the silver rate closed at Rs 54850 per kg and on 20 July 2021 it closed at Rs 66980. If you compare the latest price with the all-time high gold price (Rs. 56254 per 10 grams), gold is still cheaper by Rs. However, the price of silver dropped to Rs 9028.
Such was the movement of gold and silver
Date | The morning price of gold was Rs | The gold price in the evening was Rs | The silver morning price is Rs | Silver Evening Price per Kg |
20 July 2021 (Tuesday) | 48351 | 48222 | 67302 | 66980 |
19 July 2021 (Monday) | 48150 | 48126 | 67689 | 67790 |
16 July 2021 (Friday) | 48399 | 48273 | 69403 | 68912 |
15 July 2021 (Thursday) | 48474 | 48424 | 69516 | 69233 |
14 July 2021 (Wednesday) | 48108 | 48155 | 68935 | 69120 |
13 July 2021 (Tuesday) | 48006 | 47951 | 69254 | 68905 |
12 July 2021 (Monday) | 47771 | 47846 | 68641 | 68585 |
09 July 2021 (Friday) | 47781 | 47863 | 68212 | 68789 |
08 July 2021 (Thursday). | 47815 | 48324 | 68285 | 69042 |
07 July 2021 (Wednesday) | 47935 | 48023 | 69333 | 69428 |
06 July 2021 (Tuesday) | 47758 | 47956 | 69910 | 69864 |
05 Jul 2021 (Monday) | 47425 | 47459 | 69795 | 69651 |
30 June 2021 (Wednesday) | 46773 | 46753 | 67747 | 67832 |
31 December 2020 | 50123 | 50202 | 67282 | 67383 |
7 August 2020 | 56254 | 56126 | 76008 | 75013 |
21 July 2020 | 49,343 Rs | 49440 | 54,500 | 54850 |
Source: IBJA
How far can gold prices go?
According to Anuj Gupta, vice president (commodity and currency) of IIFL, gold continues to be the preferred medium for investors despite the corona crisis and will continue to do so in the long run. Gold from Diwali again this year At the same time, Kedia Commodities Director Ajay Kedia said gold could go from Rs 55,000 to Rs 60000 per 10 grams, while silver could stay at 68000 to 72000.