The price of gold, which fell sharply yesterday, came as a relief to jewelery lovers and those who are trying to buy jewelery for purposes including marriage. Today, it rose by Rs 45 to Rs 6,660 per gram. Pawan rose by Rs 360 to Rs 53,280.
Yesterday, pavan fell by Rs 1,120 and Rs 120 per gram. After a long time, the price fell to the level of Rs 52,000 yesterday and today again reached above Rs 53,000.
18 carat silver
18 carat gold price touched Rs 5,570 per gram today. Silver prices increased by Rs 1 to Rs 88 per gram. After hitting a record high of Rs 90 per gram last week, silver prices fell to Rs 87. Then, the price went up again today.
Why did the price go up today?
In Central Asia, the fear of Iran-Israel war has subsided and the stock and bond markets have improved, which helped the price of gold to fall sharply in the past few days. However, it is estimated that this was only a natural profit taking advantage of high prices.
The international price, which fell to $2,310 per ounce yesterday, has returned to $2,328 today.
What is the backlash?
Those who made advance bookings yesterday took advantage of the sharp fall in gold prices and got a huge benefit. Even today, the price was expected to go down, but the price unexpectedly went up. A Pawan gold jewelery can be bought only if you pay a minimum of Rs 57,700 including taxes and labor charges.
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