Gold is becoming more expensive during the festive season. In the last 14 days, its price has gone up by about Rs 1,500. M. on Thursday. Was. X. At around 3 pm, gold touched Rs 48,015 per ten grams, as against Rs 46,506 per ten grams on October 1.
Meanwhile, silver has risen by about Rs 2,800 during the period. Silver, one of the most valuable metals, was trading at Rs 63,375 per kg today. On October 1, silver was trading at Rs 60,550 per kg.
Given the recent rise in gold prices, it is likely to touch around Rs 50,000 per ten grams by Diwali as demand is high during the festive season.
At the same time, gold is cheaper this time than last year. Gold had touched a high of Rs 56,200 in August last year. Even with this in mind, people are buying.