Gold and Silver Prices Surge in India Amid Upward Trend
Gold and silver prices in India have seen an upward trend this year. According to the India Bullion and Jewellers Association (IBJA), the price of one kilogram of silver has increased by ₹2,130 to reach ₹2.19 lakh. The price of 10 grams of 24 carat gold has increased by ₹381 to reach ₹1.43 lakh.
The current prices are as follows: 22-carat gold is priced at ₹1,30,931 per 10 grams and 18-carat gold at ₹1,07,204 per 10 grams. Silver, on the other hand, has seen a significant drop in price, from ₹2.30 lakh per kilogram to ₹2.18 lakh.
Experts predict that gold prices may reach ₹1.60 lakh by the end of the year. Commodity expert Ajay Kedia suggests that investors can invest in gold and silver through Exchange Traded Funds (ETFs), which allow for buying and selling like shares on the BSE and NSE, but without physical delivery.