Bhopal: The continuous rise in the prices of gold has made people very upset. The prices of gold and silver have seen a sharp rise on Wednesday. On Tuesday, gold sold at Rs 42 thousand 500 per 10 grams has reached 43 thousand 600. Silver sold for Rs 46 thousand 500 per kg reached Rs 47 thousand 500. Buyers were shocked by the rise in gold by Rs 1100 per 10 grams in one day and an increase in silver by one thousand rupees per kg. The lines of concern dragged on the foreheads of the bullion traders. According to the bullion traders, in January 2019, 23-carat gold, which is getting 33 thousand rupees per 10 grams, has reached 43 thousand 600 rupees on 4 March 2020.
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An increase of 10 thousand 600 rupees has been recorded in one year. Especially on Wednesday, the increase of Rs 1100 in one day is the highest increase seen so far. Bullion businessman Rajesh Soni Verma said that gold has increased by Rs 110 per gram. Taking 10 grams of gold is expensive by Rs 1100, the budget will increase for the common people to buy gold jewelry. If gold prices are not reduced till Holi, then buying jewelry for marriage will cost people dearly.
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According to Sarafa businessmen, an average man buys an average of 20 grams of gold jewelry to offer to the bride in marriage. For those people who are married after Holi in March and April and have not bought gold jewelry, then they have to spend 87 thousand 200 rupees for 23-carat gold jewelry weighing 20 grams at the rate of Rs 43 thousand 600 per 10 grams. Till Tuesday, 3 March, about 85 thousand 20 grams of gold jewelry used to come. Now, buying 22 grams of gold jewelry will cost more than 2200 rupees from the pocket of buyers. Silver has increased from 46 thousand 500 to 47 thousand 500 per kg.
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