Gold-Silver Weekly Update: Gold has crossed 53 thousand and silver has crossed 69 thousand,they will continue to rise even further

This week there has been a decent ascent in gold and silver. As per the site of India Bullion and Jewelers Association (IBJA),gold has become costlier by Rs 1063 to Rs 53220 for each 10 grams in the bullion market this week. Prior this week for example on April 11,it was at Rs 52157.

Yet again as indicated by the site of IBJA,silver has likewise seen a decent ascent this week,and therefore,it has crossed 69 thousand. Recently it was at Rs 67063 which is presently at Rs 69316 for every kg. That is, its cost has expanded by Rs 2253 this week. On the off chance that we talk around 2022,up to this point this year gold has become costly by Rs 3878. On January 1,it was Rs 48279 for each 10 grams, which has now arrived at Rs 52157. Then again,with regards to silver, it has expanded from Rs 62035 to Rs 69316 for each kg.

Gold cost via carat
Carat     Value (Rs./10 gram)
 24              53220
 23              53007
 22              48750
 18              39915

Anuj Gupta,Vice President (Commodity and Currency),IIFL Securities said that the ascent in gold has been given because of the Russo-Ukraine war and rising expansion. Because of this,gold in the worldwide market can cross the degree of $2000 in the following 2-3 months. With this, before the year's over,our gold can go up to 55 thousand. Discussing the global market, gold has contacted US $ 1974.8 per ounce. Then again,with regards to silver,it has crossed $ 25 an ounce.