16 Apr 2024

Gold price reach all time high; will it increase further?

Gold Silver Price 16 April: The wedding season is starting from 17 April. Before the statrt of marriage season, the prices of gold and silver are touching the sky. The tension between Israel and Iran has contributred to further increase in prices of precious metals.

Meanwhile, 24 carat gold has created a new history in the bullion market today. On Tuesday, gold jumped by Rs 701 per 10 grams and opened at an all-time high of Rs 73514. Today silver also rose by Rs 180 per kg and opened at Rs 83632.

According to the latest rate of IBJA, today 23 carat gold became costlier by Rs 699 and reached Rs 73220 per 10 grams. On the other hand, the price of 22 carat gold has increased by Rs 642 per 10 grams to reach Rs 67339. Whereas, 18 carat gold also jumped by Rs 524 today to reach Rs 55136. Whereas, the price of 14 carat gold increased by Rs 410 to reach Rs 43006.

Gold, silver prices can increase rapidly

Experts believe that amidst the increasing geopolitical crisis across the world, this new crisis can increase the prices of gold and silver more rapidly. So far this year, gold prices have increased by about Rs 10,000 per 10 grams. Similarly, the price of silver has also increased by Rs 10 thousand per kg this year.

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