March 31, 2023

Gold rises by Rs 330 to sell at Rs 56,290, prices remain unchanged for silver.

gold prices

Gold prices in India have seen a slight uptick in recent days, with the metal rising by Rs 330 to sell at Rs 56,290 per 10 grams on Monday. However, silver prices remained unchanged at Rs 67,500 per kg.

The slight uptick in gold prices comes amid concerns over the US-China trade war and a weakening rupee. The rupee has lost nearly 2% of its value against the US dollar in the last month, making gold more expensive for Indian buyers.

With global markets on edge, investors are increasingly turning to gold as a safe haven asset. Gold is seen as a hedge against inflation and financial instability.

In India, gold is also seen as a key element of many religious and social traditions. The metal is often used for weddings and other special occasions.

Despite the recent rise in prices, gold remains well below its all-time high of Rs 56,200 per 10 grams reached in August of this year. Silver prices are also well below their all-time highs, with the metal peaking at Rs 69,930 per kg in April.

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