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Udaipur Gold Silver Price: With the beginning of the wedding season, a rise in the prices of gold and silver is being seen in Udaipur. The crowd of customers has increased in the market and investors have started buying again. Experts believe that further rise in prices may be seen in the coming weeks.
Udaipur: With the start of the wedding season after Devuthani Ekadashi in Udaipur, the prices of gold and silver have increased once again. A rise in both gold and silver was recorded in the bullion market on Thursday. An increase of ₹ 2000 per kg was seen in silver and ₹ 500 per 10 grams in gold. According to the Bullion Association, today’s prices in the local market were as follows: pure silver was ₹ 1,59,250 per kg, while 18 carat silver was ₹ 1,58,000 per kg.
At the same time, a slight but steady increase was seen in the price of gold. 24 carat gold was ₹ 1,26,500 per 10 grams, 23 carat jewelery gold was ₹ 1,21,440, and 22 carat gold was ₹ 1,16,380 per 10 grams. All these rates have been issued including GST.
According to traders, there has been an increase in purchasing from both the investor class and consumers during the festive and wedding season. This increase in prices has been recorded due to increase in demand. Bullion traders say that for the last few days, there has been a rising trend in gold prices in the international market as well, which is directly impacting the local markets.
Impact of international market in India
Due to fluctuations in the dollar index and increase in crude oil prices at the international level, investors are turning to gold as a safe asset. The result is that the prices of gold and silver have increased in major cities of India as well as in many districts of Rajasthan including Udaipur.
Gold is becoming expensive during wedding season
The local bullion association estimates that the wedding season will continue till February, due to which price fluctuations may continue in the coming weeks. However, traders are advising that this time can be considered suitable for customers who want to invest for a long time.
