Gold prices cross 65000 mark for the first time
Gold reached all time high today i.e. Thursday (7 March). According to the website of India Bullion and Jewelers Association (IBJA), 10 grams of gold became costlier by Rs 556 to Rs 65,049. Earlier on March 5, gold had made its all-time high. Then its price was Rs 64,404 per 10 grams.
An increase is also being seen in silver today. It has become costlier by Rs 411 and has reached Rs 72,121 per kg. Earlier it was at Rs 71,710. Silver also made its all-time high on December 4 last year. Silver had crossed Rs 77 thousand.
4 reasons for the rise in gold
- Fear of worldwide recession in 2024
- Demand for gold increased due to wedding season
- Dollar index has weakened
- Central banks around the world are buying gold
Gold became costlier by more than 8 thousand rupees 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% rise). At the same time, silver also increased from Rs 68,092 to Rs 73,395 per kg.
