Gold prices may skyrocket as of last year, jumping 723 rupees this week, reaching 48,000 today

Today, on Saturday, April 17, the spot price of gold in Kolkata reached Rs 479,000 per 10 grams, while silver was trading at Rs 69,300 per kg. If you talk about the Hallmark 22 carat gold, it sells for Rs 46,150 and without the Hallmark it costs Rs 45,450. Gold and silver are also rising in the fastest growing number of cases of corona. People are once again turning to gold as a safe investment.

The shares have gained less than 1 rupee to close at 166 per cent this week

Talking about the price released by the India Bullion Jewelers Association this week, gold is priced at Rs 723 per 10 grams and silver at Rs 1880. On the other hand, if you talk about this year, gold is cheaper from Rs 2954 in the last three-and-a-half months and silver is expensive at Rs 1427. At the wedding for the beginning of next week, it’s the right time to buy gold and silver, because gold is cheaper than its all-time high of 10 grams at Rs 9085 and in view of rising corona cases, its prices may touch the sky like last year. Similarly, silver is also cheaper than last year’s high of Rs 7198.

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Source: IBJA

Kedia Commodities Director Ajay Kedia says coronavirus infection is on the rise. Due to this uncertainty in the stock markets, real estate is also battered. This round seems to be safe gold for investors. Investors have moved toward gold, gold ETFs and bonds. This has led to gold prices rising.