Gold became expensive on the first day of the business week

On the first day of the business week, gold became expensive by Rs 700, after which the price of gold per tola rose to Rs 2 lakh 83 thousand 700.

10 grams of gold increased by 600 rupees, after which its price became 2 lakh 43 thousand 227 rupees, the price of gold in the international market increased from 2,735 dollars to 2,742 dollars.

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On the other hand, the price of silver per tola and ten grams remained stable at Rs 3,430 and Rs 2,940.67 respectively.

The reason for the increase in the price of gold

The main reason for the increase in the price of gold is the war in the Middle East, experts say that the war situation in the world has affected the price of gold because this price is linked to the international market and the dollar rate.

Market situation

Due to the high price of gold, it is no longer possible for the common man to buy real jewelry. Women say that the prices are so high that we cannot buy gold jewelry even if we want to. All we have now is the gold we bought during the last few years. Now she is limited to imitation jewelery for weddings.

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Due to the increase in gold prices, some jewelers have introduced a scheme, in which gold jewelery is being provided in easy installments.

Future predictions related to gold prices

People are now buying gold biscuits and coins because of the safe investment. Experts believe that the price of gold will continue to rise, the price may even go above 3 lakh per tola.