Today i.e. on Tuesday, the prices of gold and silver have increased. According to the website of India Bullion and Jewelers Association (IBJA), gold has become costlier by Rs 111 to Rs 47,213 per 10 grams in the bullion market today. In the futures market today at 3.30 pm on MCX, gold is trading at Rs 47,204 with an increase of Rs 153.
gold price by carat
|carat||Price (Rs./10 gram)|
silver also became expensive
Talking about silver, gold is trading at Rs 61,837 with an increase of Rs 93 on MCX at 3 pm. Silver has become costlier by Rs 164 to Rs 61,654 per kg in the bullion market today.
So far in October, gold became costlier by Rs 746 and silver by Rs 2,246.
So far this month, gold has become costlier by Rs 746 in the bullion market. On October 1, it was Rs 46,467 per 10 grams, which has now reached Rs 47,213. On the other hand, when it comes to silver, it was at Rs 59,408 per kg on October 1, which has now reached Rs 61,654. That is, so far in October, silver has become expensive by Rs 2,246.
The demand for gold has started increasing
Gold demand in the country is back on track amid festivals. In the last month i.e. September, 91 tonnes of gold was imported. This is 658% more than in September 2020 and 250% more than before the start of the Kovid epidemic i.e. September 2019. A 20% reduction in gold prices over last year and the prospect of better festive demand this year has boosted gold imports.
In September last year, only 12 tonnes of gold was imported. In September 2019 also, only 26 tonnes of gold was imported. But gold imports jumped to 91 tonnes in September this year.