It’s festival time and the Gold rates are steadily going up. Dasara and Diwali are very popular and important for the people of India. Dasara is celebrated for 9 days and Diwali for two days including the Lakhsmi Pooja.
When it comes to Diwali people buy Gold for sentiment reasons. It is placed at the Lakshmi Pooja. Some people purchase Lakshmi idols.
Gold prices maintained an upward trend for the last 5 days gaining Rs 60 to Rs 39000 per 10 grams at the bullion market on positive global cues and increased buying by local jewellers. It is hovering around 38000 to Rs 39000.
Silver also strengthened by Rs 200 to Rs 45,000 per kg, backed by increased offtake by industrial units and coin makers.It is hovering around Rs 45000.
The prices will keep fluctuating and moving upwards as long as this festival season continues. Then it might also move upwards in the coming festival season that is for Sankranthi.
