BREAKING ALL previous records, gold and silver prices touched a new high on Thursday. The prices of silver in Bhopal’s bullion market were recorded Rs 17,800 per kg and gold Rs 8,700 per 10 gram respectively.
According to local bullion market sources, the price of gold, which was around Rs 850 to 855 per gram, went up to Rs 870 today. A gold biscuit (100 gm) recorded Rs 1,00,200. “Never before gold biscuit touched Rs 1 lakh mark,” said Navneet Agarwal, a jeweller at Sarafa Bazaar.
Similarly, the price of silver, which was hovering at Rs 16,500 per kg went up to Rs 17,800 per kg. The hike in prices of two precious metals is attributed to the hike in precious metals price in the international market today.
“Today silver touched 1200 cent – an all-time high. It was due to the fact that the US for the first time allowed its funds to invest in silver trading and also due to use of silver in Dubai’s electronics’ market,” a source mentioned.
In the international market, gold was reported to have touched $ 595 per ounce. “Silver is likely to go higher, may be up to Rs 20,000 per kg in the domestic market,” added Agarwal.
In the international market, gold was reported to have touched $ 595 per ounce. “Silver is likely to go higher, may be up to Rs 20,000 per kg in the domestic market,” added Agarwal.