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Gold Prices Up Again, Here’s Why the Market is Booming

Gold Price: The price of gold has been rising continuously for the past few months. A few months ago, gold was available for 63 to 65 thousand rupees per 10 grams, but now Indian buyers have to pay more than 87 thousand rupees.

Talking about 10 grams of gold today, on Tuesday, February 25 25, gold prices again rose. This rise is due to the growing concerns about a trade war in the global markets and the increasing tension between Russia and Ukraine. Apart from this, the demand for jewellers and retailers in the domestic market also supported the prices of gold.

Gold Has Become Expensive

On February 25, the price of February 25 gold in the domestic market rose to Rs 87,880 per 10 grams, and 22-carat gold rose to Rs 80,560 per 10 grams. Compared to the previous day, 24-carat gold rose by Rs 100, and 22-carat gold rose by Rs 100. Apart from this, gold also showed its power in the global market. The price of spot gold fell 0.03 percent to $2,953 an ounce in Asian trade on Tuesday. However, it was $2,953 an ounce on Monday. On Monday night, it had reached a record level of $2,956 an ounce.

What Is The Price Of Gold In Your City?

In Delhi today, 24-carat gold is sold at Rs 88,030 per 10 grams and 22-carat gold at Rs 80,700 per 10 grams. In Mumbai, Chennai, and Kolkata, 24-carat gold is sold at Rs 87,880 per 10 grams and 22-carat gold at Rs 80,560 per 10 grams.

Silver Prices Also Saw A Rise

Apart from gold, silver has also become expensive. On Tuesday, the price of silver increased by Rs 100 to Rs 1,01,100 per kg. This increase was due to industrial demand and strength in the global market. Spot silver increased by 0.18 percent to $32.42 per ounce.

Ashish is the founder, CEO, and editor-in-chief of our organisation. He has a strong background in journalism and is responsible for setting our organisation's overall direction and strategy and overseeing all editorial operations.

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