Gold Silver Price Update: Post-Budget side effect on GOLD; rate soars to Rs58K; big blow to gold buyers; details here

Gold Silver Price Update: Gold buyers who are already facing the brunt of inflation have got a big blow from Budget 2023. The import duty on gold components and silver products has been increased in the budget. After the announcement of the budget, the price of gold has reached close to Rs 58,000 per 10 grams, while the price of silver has crossed the level of Rs 70,000 per kg. With this, once again gold has created a new record of inflation. Breaking its inflation record of Rs 57362 per 10 grams, gold reached the level of Rs 57910 per 10 grams.

Here are the prices of gold and silver on Wednesday

After the budget, on Wednesday, on the second day of this business week, along with gold, a big rise was recorded in the price of silver (Gold Silver Price Update). On Wednesday, gold became costlier at the rate of Rs 1145 per 10 grams, while the price of silver increased by Rs 1145 per kg. After this, gold started selling at the rate of 57910 per 10 grams. This is the most expensive gold layer ever. On the other hand, silver climbed up and closed at the rate of 67671 per kg.

This was the rate of gold and silver on Tuesday

Earlier on Tuesday (Gold Silver Price Update), gold became cheaper by Rs 214 per 10 grams, while the price of silver fell by Rs 478 per kg. After this, gold started selling at the rate of 56865 per 10 grams and silver at the rate of 67671 per kg.

This was the rate of gold and silver on Monday

Earlier on Monday (Gold Silver Price Update), gold became cheaper by Rs 110 per 10 grams, while the price of silver fell by Rs 43 per kg. After this, gold started selling at the rate of 57079 per 10 grams and silver at the rate of 68149 per kg.

14, 18, 22, 23 and 24 carat gold rates

Thus, on Wednesday, February 1, 2023, 24 carat gold became costlier by Rs 1145 to Rs 57910, 23 carat gold by Rs 1041 to Rs 57678, 22 carat gold by Rs 958 to Rs 53046, 18 carat gold by Rs 784 to Rs 43433 and 14 carat gold became cheaper by Rs 611 and is trading at Rs 33266 per 10 grams.

Gold costlier by Rs 548 and silver cheaper by Rs 10535 from the highest level

In this way, gold is costlier by about Rs 548 per 10 grams from its highest level and silver is getting cheaper at the rate of about Rs 10535 per kg. Significantly, earlier on January 24, 2023, gold had made a record of its highest price. On that day, gold had gone up to the level of Rs 57,362 per ten grams. At the same time, the highest level of silver till now is Rs 79980 per kg.

Gold and silver prices may increase now

In fact, after the end of Kharmas and Makar Sankranti, once again all the auspicious works including marriage have started in the country. In such a situation, the demand for gold and silver has increased in the bullion market. In such a situation, the experts of the bullion market say that the period of increase in the prices of gold and silver may continue.

The post Gold Silver Price Update: Post-Budget side effect on GOLD; rate soars to Rs58K; big blow to gold buyers; details here appeared first on News24 English.

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