Rise in prices of silver and gold on Dhanteras and Diwali, ordinary consumers' pocket will be heavy

This time, buying silver on Dhanteras and keeping silver coins in the plate of Lakshmi Puja at the occasion of Diwali will be heavy on the pocket of the ordinary consumer. In the last less than a month, there was a continuous rise in the prices of silver. According to the information, the price of silver has so far risen by Rs 24 thousand per kg. At the same time, last Saturday itself, a large jump of Rs 8500 per kg was recorded on a single day and now the price of silver Rs 1 lakh 70 thousand per kg has crossed. Gold prices are also rising. The price of pure gold rose by Rs 2100 to Rs 1 lakh 27 thousand per ten grams. While jewelry is trading gold at a price of Rs 1 lakh 18 thousand 400 per ten grams with a rise of Rs 1900. According to bullying traders, such an increase in silver prices will affect the purchasing power of domestic consumers. This time there can be a drop of about 10 to 15 percent in the domestic consumption of silver. This effect will be particularly clear when purchasing silver as gifts and puja items during festivals such as Dhanteras and Diwali. Traders also say that the reason for the rise is the rise in silver prices in the international market and the pressure of domestic demand. For this reason, investors as well as traders are careful in purchasing silver. Experts believe that if this rise in prices continues, ordinary consumers will have to spend more to buy silver coins and plates. At the same time, there is general stability in the demand for gold, but the impact on gold is less compared to silver. Share this story -tags