Gold's luster has diminished, but silver continues its run; how far has the price reached last week?

News Topical, Digital Desk : Gold and silver witnessed mixed trading this week. Gold prices fell by Rs 931 per 10 grams and silver prices increased by about Rs 4,887 per kg. According to the India Bullion Jewellers Association (IBJA), the price of 24 carat gold has come down to Rs 1,31,779 per 10 grams, which was Rs 1,32,710 per 10 grams on the same day last week. This shows that gold prices have declined by Rs 931 per 10 grams in the last one week.

What are the prices of different carats?

The price of 22-carat gold has fallen to ₹1,20,710 per 10 grams, down from ₹1,21,562 previously. The price of 18-carat gold has fallen to ₹98,834 per 10 grams, down from ₹99,533 per 10 grams.

How much did silver prices increase?

Silver prices are also on the rise. The price of silver has increased by Rs 4,887 in a week to Rs 2,00,067 per kg, which was Rs 1,95,180 per kg last week. This week, the prices of gold and silver have seen a rise at the international level.
The prices of gold and silver were $ 4,387 per ounce and $ 67.489 per ounce respectively. Earlier on Friday, the price of gold had seen a decrease of Rs 695 per 10 grams and the price of silver had seen a decrease of Rs 1,053 per kg.

Where will the prices of gold and silver go now?

Jatin Trivedi of LKP Securities said that gold traded in a narrow range during Friday's session. One reason for this was the rupee's strength against the dollar. The market will focus on upcoming US home sales data and other economic data.
Gold prices are expected to remain in the range of ₹131,500 to ₹134,000 in the near future. Currently, the rupee's value against the dollar is playing a significant role in domestic gold and silver prices. Therefore, the rupee's movement will play a significant role in gold and silver prices in the future.

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