Gold Price Rises to 11 Thousand rupees in just two months know reason behind it

Gold Price Hike: In the last two months, there has been a huge increase in the prices of gold in India. The prices of gold have increased so much that in just two months the price of gold has increased by Rs 11 thousand. Along with gold, the prices of silver also continue to rise. Silver has also become expensive by Rs 13 thousand per kg in two months.

Difficulty in buying gold during wedding season

Wedding season is currently going on in India. In India, people have been gifting gold and silver to each other during weddings since ancient times, but after the huge increase in the prices of gold and silver, it has become difficult for common people to buy gold. Customers are avoiding buying gold. The festival of Akshaya Tritiya will be celebrated in India on 10 May. There is special importance of buying gold on this day, but due to the huge increase in gold prices this time, it may affect the purchase of gold on the occasion of Akshaya Tritiya.

Gold became expensive by Rs 11,000 in two months

According to the information given on the official website of Indian Bullion Jewelers Association (IBJA), on February 23, the price of 24 carat gold was Rs 62,000 per 10 grams, which has now increased to Rs 73,300 per kg. In such a situation, an increase of Rs 11,000 has been recorded in the price of gold in less than two months.

Silver prices also increased a lot-

Not only gold, silver prices have also registered a tremendous increase in the last two months. Silver has become expensive by Rs 16,847 in less than two months. According to the information given on the website of IBJA, the price of silver on February 23 was Rs 69,653 per kg, which increased to Rs 86,500 per kg on April 16.

Will gold become more expensive in future?

According to experts, international reasons are responsible for the increase in the prices of gold and silver in the domestic market. There is an atmosphere of uncertainty in the whole world due to increasing tension between Iran and Israel. In such a situation, investors and central banks around the world are investing heavily in gold. In such a situation, the effect of increasing demand for gold is visible on its prices. According to experts, there is little hope of a decline in gold prices in the coming few months. In such a situation, people expecting cheap gold may get a big shock.

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