Kasganj, March 12 (HS) – In an astonishing leap, gold and silver prices have vaulted to new highs, leaving the middle-class yearning for these precious metals more like a distant dream. Witnessing a steady climb over the last eight days, the cost of gold has hit a staggering Rs 65,300 per 10 grams, with silver pacing closely behind at Rs 74,200 per kilogram as of Tuesday.#GoldPriceSurge #SilverRates
Attributed to falling global interest rates and mounting geopolitical tensions, this surge has left buyers and investors on edge. Gold, previously priced at Rs 64,500 just last Wednesday, has seen an increase of over Rs 1,000, reaching Rs 65,300 per 10 grams today. Silver follows suit, jumping from Rs 72,800 to Rs 74,200 per kilogram within the same period. #MarketTrends #GlobalEconomics #Investment
Market insiders like Deepak Gupta, a bullion dealer, express concerns over this relentless price hike, fearing it may exclude ordinary and middle-class families from acquiring these metals for personal or gifting purposes, especially in the wedding season. Meanwhile, Akhilesh Aggarwal, another expert in the field, points to global unrest and speculation as key drivers behind the bullish market for gold and silver.
As the trend continues, individuals are compelled to adjust their budgets, making jewelery purchases for weddings and other occasions more calculated and within financial bounds.
Leave a Reply