Gold-Silver Price: Silver crosses one lakh rupees, gold becomes 81 thousand, buying jewelery and coins becomes heavy

Gold-Silver Record High: Gold and silver are continuously creating new records and sometimes gold and sometimes silver are testing the purchasing power of the customers. However, yesterday gold and silver together reached all-time high and silver has crossed Rs 1 lakh.

Silver broke all records-gold became 81 thousand

The price of silver crossed Rs 1 lakh per kg with a jump of Rs 1500. Silver prices continued to rise for the fifth consecutive day and reached a new record level of Rs 1.01 lakh per kg with a jump of Rs 1500. On Friday, the price of silver closed at Rs 99,500 per kg. Silver prices continued to rise for the fifth consecutive day and rose by Rs 1,500 to reach a new record level of Rs 1.01 lakh per kg. On Friday, the price of silver closed at Rs 99,500 per kg.

Apart from this, gold of 99.5 percent purity rose by Rs 350 to reach a new record level of Rs 80,600 per 10 grams. In the bullion market of the national capital, gold rose by Rs 350 on Tuesday and reached a new record level of Rs 81,000 per 10 grams. All India Bullion Association has given this information.

Why are silver prices sky high?

The main reason for the ongoing rise in silver is increasing industrial demand. Apart from this, growth has also been seen due to increasing purchases in jewelery and silverware segment. Bullion traders attributed the rise in gold prices to the increase in purchases by local jewelers to meet the increased demand during the festive and wedding seasons.

In the futures trading of Multi Commodity Exchange (MCX), the gold contract for December delivery has increased by Rs 208 to Rs 78,247 per 10 grams. The price of silver contract for December delivery jumped by Rs 882 or 0.91 per cent to reach a high of Rs 98,330 per kg.

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