The Gold rate has rised by Rs 780 in two days. Now the Gold rate for 10 grams of 24 carat Gold is around 43500. The 10 grams rate for 22 carat Gold is around Rs 40000.
Marriage season is said to be one of the main reasons being cited by the jewellers for the rise in the Gold rate in these two days. Usually, during the onset of the summer, it is marriage season and the Gold rate definitely rises.
While the Gold is taking a bull run the silver is hovering around Rs 50000 per KG. There is no fluctuation in the rates of silver. There is every chance for the Gold rates to further go up it is reported.
Karona Virus is said to be one of the reasons for the rise in gold prices. There is every scope that the rate will go up to Rs 45000 this year. So investing in Gold is the right proposition for the investors.
