Gold-Silver Price : Gold-Silver prices have skyrocketed
The prices of silver and gold are continuously rising. The price of silver has reached a significant high, and due to its extensive use in the industrial sector, the price of silver has increased by ten thousand rupees in two days. Today's silver price, including GST, has reached up to two lakh ten thousand, and following silver, the price of gold has also increased by twelve hundred rupees in two days. Today's gold price has gone above one lakh 37 thousand, and gold traders have predicted that due to the economic war-like situation in the international market, the prices of gold and silver are continuously rising. Gold traders have also predicted that in the coming period, the price of silver may reach up to two lakh 25 thousand.
In the past few days, the prices of gold and silver have skyrocketed, causing ordinary customers to be taken aback. If you want to know the prices in your city for buying gold or silver jewelry for the ongoing wedding season and upcoming festivals, this news is especially for you. Recently, the prices of gold and silver have increased the anxiety of ordinary customers, causing quite a stir in the domestic bullion market. This is because the thought of buying gold and silver jewelry has gone beyond consideration, as the current prices are beyond the reach of the common people.
Silver prices have once again reached a record high, with silver rates rising by 4.2% to 206,111 rupees per kilogram, causing silver prices to increase by 135% since the beginning of the year, which is nearly double that of gold. Since September, this data has led to three consecutive interest rate cuts. Subsequently, the likelihood of the US Federal Reserve cutting interest rates again has increased.
The constant demand for gold and silver is also increasing due to the growing geopolitical tensions worldwide. And in such a situation, it appears that the increasing military movements have increased the pressure on Venezuelan President Nicolas Maduro, as U.S. President Donald Trump has ordered the immediate blockade of all sanctioned oil tankers entering and exiting Venezuela.