Considering the last six months, gold prices have been consistently rising. Looking at the graph of the last six months, a surge in gold prices is evident. Investors who have invested in gold have benefited significantly, whereas consumers purchasing gold have had to pay more. Not only that, but silver prices have also increased over the past six months.
There are many reasons behind the increase in gold prices. Factors such as global economic instability, inflation, and the growing inclination of investors towards gold are causing a significant rise in gold prices. On Thursday, the price of gold increased by 961 rupees, and currently, the price of 24-carat gold is 97,046 rupees per tola, while the price of 22-carat gold is 88,894 rupees.
Similarly, the price of silver has increased by 654 rupees, and the price of silver is 107,934 rupees. After studying the last six months, it was observed that the price of gold has increased significantly by 27 percent in the last six months. The biggest benefit has been to investors who have invested in gold, and it currently appears as if they have hit the lottery. Looking at it, gold is currently considered a strong investment. Therefore, due to the rise in gold prices, investors have gained the shine of gold in their pockets.
On the contrary, customers buying gold have faced a significant pinch in their pockets over the past six months. Due to the increase in gold prices, customers purchasing gold have had to pay extra. Initially, the value of the rupee was seen to be decreasing. However, it is anticipated that the rupee will strengthen against the dollar in the coming period. According to some experts, gold prices may rise further in the next few months, while some predict a possibility of price reduction. But if you are considering investing in gold now, you might have to wait a bit because currently, investors in gold are waiting for the prices to drop.