Gold crossed 61 thousand: Silver also came out above 75 thousand rupees, the price may increase further
Anuj Gupta, Vice President, IIFL Securities, says that gold is getting support due to the ongoing ups and downs in the stock market.
Today i.e. on Wednesday (May 3), there has been a rise in the prices of gold and silver in the bullion market. According to the website of the India Bullion and Jewelers Association (IBJA), today the price of 24-carat gold has increased by Rs 654 to Rs 61,071 per 10 grams in the bullion market. At the same time, the price of 22 carat gold has gone up to Rs 55,941.
rise in silverAccording to the website of IBJA, there has been a rise in the price of silver today. It has become expensive by Rs 947 to reach Rs 75,173 per kg. Earlier it was at Rs 74,226.
Gold and silver prices may increase further in the coming days
Anuj Gupta, Vice President, IIFL Securities, says that gold is getting support due to the ongoing ups and downs in the stock market. Due to this, by the end of this year, gold can go up to 65 thousand rupees per 10 grams.
There was a great boom in gold this year
So far this year, gold has seen a spectacular rally. At the beginning of this year i.e. on January 1, it was at Rs 54,867 per 10 grams, which has now reached Rs 61,071. That is, its price has increased by Rs 6,204.