Gold Silver Price Udaipur: Gold expensive, silver cheap in Udaipur! Increase in ups and downs in wedding season, know today's rate

Udaipur. As soon as the wedding season begins, the fluctuations in the prices of gold and silver have once again increased. While on Sunday there was a decline of about ₹ 2000 in the price of silver, there was a slight increase of ₹ 200 in the price of gold. In the city bullion market, the price of 18 carat silver was ₹ 1,58,000, while the price of pure silver was ₹ 1,58,900 per kg. Talking about gold, 24 carat gold was recorded at ₹ 1,26,700 per 10 grams, 23 carat jewelery gold at ₹ 1,21,630 and 22 carat gold at ₹ 1,16,565 per 10 grams.

Inder Singh Mehta, patron of Udaipur Bullion Association, said that the international market has been fluctuating rapidly for the last few days. Its direct impact is also on the local market. He told that due to reasons like economic instability in the global market, strength of dollar and fluctuations in crude oil, the rates of gold and silver are constantly changing.

Price fluctuations become a cause of trouble

Mehta said that the biggest impact of this instability is being seen on small traders. Due to daily change in prices, the mathematics of buying and selling gets spoiled and due to high prices, customers are also making purchases thoughtfully. Many families finalize the budget before marriage, but their problems increase due to changing market prices. Despite this, the demand for jewelery is not decreasing during the wedding season.

Demand for light weight designer jewelery is high

Jewelers are also introducing new ranges to attract customers. This time the demand for light weight designer jewelery has increased especially. According to Mehta, people are preferring light weight bracelets, bangles, necklaces and rings, so that the budget can be controlled and the look also becomes attractive. At present, it is difficult to predict what the prices of gold and silver will be like in the coming days. Market experts believe that such fluctuations in prices may continue until global conditions stabilize.