What was the price of gold a week before Diwali, silver crossed 72000

In the year 2023, an increase of more than 5 thousand rupees has been seen in the price of gold. Since last Diwali, the price of gold has seen an increase of more than Rs 100 thousand. If we talk about Friday, an increase of Rs 100 has been seen.

Festive season is going on in India. A lot of gold is purchased during this period. On the other hand, there has been a lot of purchasing from Central Banks also. Due to which, in the year 2023, an increase of more than 5 thousand rupees has been seen in the price of gold. Since last Diwali, the price of gold has seen an increase of more than Rs 100 thousand. If we talk about Friday, an increase of Rs 100 has been seen and an increase of Rs 852 has been seen in the price of silver. Let us also tell you what the price of gold has been a week before Diwali. Has gold and silver become cheaper or costlier in the last one week?

Rise in silver price

On October 27, the price of silver was Rs 71,717 per kg.

On Friday, October 3, the price of silver reached Rs 72,252 per kg.

This means that the price of silver increased by Rs 535 in a week.

This means that the price of silver has increased by 0.74 percent in a week.

If we talk about Friday, the price of silver had increased by Rs 852.

On Thursday, silver prices closed at Rs 71,400 per kg.

Increase in gold price

If we talk about Friday, an increase of Rs 109 was seen in the price of gold.

After this rise, on October 3, the price of gold in the futures market has become Rs 61,020.

Whereas gold has become cheaper in the last one week. The price of gold has decreased by Rs 136 during this period.

About a week ago, i.e. on October 27, the price of gold was Rs 61,156 per ten grams.

In this regard, the price of gold has fallen by 0.22 percent in the last one week.

What can be the prices on Diwali?

If experts are to be believed, there may be a further rise in the price of gold on the occasion of Diwali. Gold prices in the futures market can cross Rs 61,500 on Diwali. The main reason for this is the increasing demand for gold. The recent report of the World Gold Council states that demand and purchases by central banks have increased continuously. Due to which there has been an increase in the price of gold and its effect has been seen in the price of silver. This trend may continue in the coming days.