Gold-Silver Weekly Update: Gold became cheaper by Rs 483 and silver by Rs 2,115 this week, prices may increase again in the coming days

Gold and silver have seen a decline this week. According to the website of India Bullion and Jewelers Association (IBJA), gold has become cheaper by Rs 483 to Rs 48,466 per 10 grams this week. Earlier this week it was at Rs 48,949.

According to the website of IBJA, silver has seen a big decline this week. Earlier this week, it was at Rs 65,727, which has now reached Rs 63,612 per kg. That is, its price has increased by Rs 2,115 this week.

Ajay Kedia, director of Kedia Commodity, says that inflation is increasing in the country and the world. Apart from this, cases of corona have started increasing again in many countries. This will support gold and it can go up to Rs 55 thousand per 10 grams in the next one year.

The government is once again giving you a chance to invest in Sovereign Gold Bonds. Under the Sovereign Gold Bond Scheme 2021-22, there will be an opportunity to invest in gold from November 29 to December 3. This time the government has fixed the price of Sovereign Gold Bond at Rs 4,791 per gram.

For applying online and making digital payment, you will get a discount of Rs 50 per gram. That is, you have to pay Rs 47,410 for 10 grams of gold.