Gold Silver Rate Today: Gold and silver rates have been increasing continuously for the past few years. Now that Gudi Padwa is around the corner, gold and silver rates have increased again.
Gudi Padwa, the Hindu New Year festival, is just a few days away. Gudi Padwa is celebrated with great enthusiasm all over Maharashtra. Considered one of the three and a half auspicious days, many people buy gold and silver on this day.
On Gudi Padwa, Gudi is set up in every house and the new year is started by buying gold and silver. However, on the eve of Gudi Padwa, gold and silver have seen a surge again. Gold and silver prices have become expensive in the Nashik bullion market today.
Gold prices have increased on the Multi Commodity Exchange i.e. MCX. Silver prices have also increased. Gold prices on the exchange today increased by Rs 240. Due to this, the price of 10 grams of gold has reached Rs 87,500. Last week, the price of gold had stabilized at Rs 89 thousand 796 per 10 grams.
Now, like gold, silver prices are also seeing a rise. On MCX, silver futures for May are trading at Rs 97,954 per kg, up Rs 460. Its record high is Rs 104,072 per kg.
The prices of gold and silver have also skyrocketed in the Nashik market. Gold, which had increased by Rs 2900 in March, fell by Rs 700 on Friday. On the first day of this week, gold fell slightly by Rs 100.
This week, i.e. till the end of March, gold will remain in the bullish trend. Experts have predicted that gold will increase by Rs 2,000 to Rs 2,500 and reach the mark of Rs 90,000 excluding GST. Today, the price of 24-carat gold in Nashik is Rs 88,300 per 10 grams. While the price of silver is Rs 99,000 per kg.
Meanwhile, along with the wedding season, the pockets of the common man will also be hit during the time of Gudi Padwa. International developments are affecting the prices of gold and silver and the prices are expected to remain high for some time to come.
