gold price hike before holi
Gold prices have increased before Holi. Gold and silver prices have started skyrocketing in the market. In major showrooms in Bhubaneswar, the price of 24-carat gold has reached Rs 88,580 per 10 grams today. Similarly, the price of 22-carat gold has increased by Rs 81,200 per 10 grams. Compared to yesterday, the price of gold has increased by Rs 550 to Rs 600 today. This is after the previous day (March 12) when the price of gold increased by Rs 450 to Rs 490 per 10 grams. So, gold has increased by about Rs 1,100 in two days.
How much gold price increased
This week, gold prices have increased for three days and decreased for one day. In the 13 days of March, gold prices have increased by about 2.27 percent. According to experts, after gold prices reached record levels, there has been some change in consumer purchasing behavior. Consumers are buying gold only to meet their needs. Consumers who buy gold for the sake of money are making impulsive decisions. Most consumers are mainly buying light-weight gold jewelry. On the other hand, consumers who buy 24-carat gold only for investment are continuing their purchases in the hope of getting good returns in the future, said Sorum officials.
Not only gold, the rise in the price of silver has also raised concerns. In some showrooms in Bhubaneswar, its price reached Rs 1 lakh 10 thousand per kg on Thursday, while in other showrooms it is Rs 1 lakh 3 thousand. In the last two days, some silver prices have increased by Rs 3 thousand per kg. If such a rise in prices continues, the price of gold is likely to touch Rs 1 lakh soon.
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