Udaipur: Once again a rise in the prices of gold and silver has been recorded in the bullion market of Udaipur. There has been a fluctuating trend in prices for the last few days, but on Friday, there was a rise in the prices of both gold and silver metals in the market. Due to continuously increasing rates, customers are now turning towards lighter weight jewellery. An increase of about ₹ 1,900 was recorded in silver and about ₹ 600 per 10 grams in gold. According to the prices released on Friday, the price of pure silver was ₹ 1,51,200 per kg and the price of 18 carat silver was ₹ 1,50,100 per kg. Whereas the price of 24 carat gold was recorded at ₹ 1,23,200 per 10 grams, while the rate of jewelery gold was ₹ 1,18,270 per 10 grams and 22 carat gold was ₹ 1,13,340 per 10 grams.
There was a significant increase in the prices of both gold and silver on Friday as compared to Thursday. On Thursday, the price of pure silver was ₹ 1,49,300 per kg, while the price of 24 carat gold was ₹ 1,22,600 per 10 grams.
Demand for light weight silver jewelery increased rapidly
Light weight designs are more popular. Udaipur’s bullion businessman Ganesh Daglia said that the continuous increase in the prices of gold and silver has affected the purchasing power of consumers. In such a situation, customers are now demanding light weight jewellery. He told that now such jewelery is being made in the market which is attractive in appearance but has less weight. Especially in view of the wedding season, the demand for light weight silver jewelery has increased rapidly.
Changes in the prices of both silver
Meanwhile, bullion trader Kailash Soni said that due to the constantly changing prices, customers are being informed from time to time about the price reduction so that they can book in advance. He said that in the last few weeks, changes in the prices of both gold and silver are being seen every two to three days.
Increase in hustle and bustle due to wedding season
Due to wedding season, the movement of customers has started increasing in the market. Traders are hoping that if the rates become stable, there will be an increase in sales. At the same time, the investor class is considering investment in gold and silver as a safe option.
