Gold prices near Rs 66000
Gold has reached all time high today i.e. Wednesday (20 March). According to India Bullion and Jewelers Association, 10 grams of gold has increased by Rs 206 to Rs 65,795. Earlier this month, on March 11, gold had made an all-time high of Rs 65,646 per 10 grams.
At the same time, today there is a slight rise in silver also. It became costlier by Rs 15 and closed at Rs 73,859 per kg. Earlier yesterday, the price of silver was Rs 73,844. Silver had made an all-time high of Rs 77,073 last year i.e. on December 4 in 2023.
3 main reasons for the rise in gold:
- Fear of worldwide recession in 2024
- Demand for gold increased due to wedding season
- Central banks around the world are buying gold
Gold has become costlier by more than Rs 3 thousand so far in March
So far in March, there has been a tremendous rise in the prices of gold and silver. At the beginning of the month i.e. on March 1, gold was at Rs 62,592 per 10 grams, which reached Rs 65,795 on March 20. That means within 20 days its price has become costlier by Rs 3,203 per 10 grams. At the same time, silver also increased from Rs 69,977 per kg to Rs 73,859.
Gold became costlier by more than Rs 8 thousand in 2023
At the beginning of the year 2023, gold was at Rs 54,867 per gram, which reached Rs 63,246 per gram on December 31. That means in the year 2023, its price increased by Rs 8,379 (16%). At the same time, silver also increased from Rs 68,092 to Rs 73,395 per kg.
