Huge jump in gold silver on Thursday: Gold 52 and silver reached near 68 thousand. 

As soon as the war in Russia-Ukraine started, there was a great rise in gold and silver. Today, i.e., on Thursday, gold has once again crossed 51 thousand and 66 thousand silver. According to the website of India Bullion and Jewelers Association (IBJA), gold has become costlier by Rs 2,491 to Rs 52,540 per 10 grams in the bullion market today. At the same time, gold is trading at Rs 52,709, increasing Rs 2,284 on futures MCX at 5 pm. 

Price by carat. 

Carat       Price (Rs./10 gram) 

24                       52,540 

23                       52,330 

22                       48,127 

18                       39,405 

Silver shine too. 

With increasing geopolitical tension, gold and silver demand increased; today, i.e., Thursday, the price of gold reached the high of the month. Talking about silver, silver has reached Rs 68,149 per kg in the bullion market today. Silver is trading at Rs 67,755 with an increase of Rs 3,170 on MCX at 5 pm.; today,i.e., 

Crosses $ 1,969 in the international market. 

Gold has reached US $ 1,969.02 an ounce in the international market. On the other hand, it has crossed $ 25 an ounce when it comes to silver.  

The price increased by more than 8% in the last year 

In the last year, there has been a tremendous rise in the price. A year ago, i.e on 24 February 2021, gold was at Rs 46,838 per piece, which has now come down to Rs 50,547. It has become expensive by Rs 3,898 in the last year. Its price has increased by 8.36% in the last year.  

Price rising due to uncertainty in the market. 

They always want more profits, and they get this profit by investing money in the stock market, fixed deposits, different types of bonds, or gold. When the situation is normal, this benefit is available from the stock market, bonds, etc. But when there is a situation of uncertainty in the world economy, then investors run towards it. They think this will give them security, and its value will not decrease. Due to this, the demand for gold among investors has increased. 

Fifty-six thousand can be gold in 2-3 months. 

Anuj Gupta, Vice President (Commodity & Currency), IIFL Securities, said that the Russo-Ukraine war had risen to gold. Due to this, it can reach $ 2100 in the next 2-3 months in the international market. With this, gold can go up to 56 thousand in our place. Apart from this, inflation is not being controlled. 

Ajay Kedia, director of Kedia Commodity, says that global tension has increased due to inflation and the growing dispute between Ukraine-Russia. This will support, and it can go up to Rs 55 thousand per 10 grams this year. On the other hand, if we talk about silver, it can show 80 to 85 thousand rupees per kg this year.