Gold and silver prices increased in the country; investors surprised in UP – know today’s rates

According to the latest report of the bullion market, 24 carat gold has reached Rs 1,02,450 per 10 grams in Lucknow, Noida, Ghaziabad, Meerut, Ayodhya, Gorakhpur, Kanpur, Varanasi, Agra and other major cities of UP.

New Delhi: As soon as the month of Sawan started, the prices of gold and silver have made new records in the bullion market of Uttar Pradesh. Today i.e. on 24th July, a tremendous jump was seen in the prices of gold. Especially 24 carat gold has reached the level of Rs 1,02,450 per 10 grams, which is one of the highest prices ever. At the same time, talking about silver, its rate has also reached Rs 1,19,100 per kg.

This record-breaking rise in gold has surprised investors. Many people are considering it the right time to invest, while many are waiting for the coming fall.

See the latest prices of gold and silver in these cities

According to the latest report of the bullion market, 24 carat gold has reached Rs 1,02,450 per 10 grams in Lucknow, Noida, Ghaziabad, Meerut, Ayodhya, Gorakhpur, Kanpur, Varanasi, Agra and other major cities of UP.

22 carat gold - Rs 93,960 per 10 grams

18 carat gold - Rs 76,880 per 10 grams

Silver price - Rs 1,19,100 per kilogram

These prices are based on the movement of the dollar in the international market, crude oil prices, and geopolitical events, which causes fluctuations in the local markets.

Will gold become cheaper now?
Market experts believe that the decline that had come in the past weeks has now stopped and has reached a new high. However, experts say that after this rise, the price of gold may come around ₹ 95,000 per 10 grams for some time.

In such a situation, if you are planning to invest, it may be wise to wait a bit.

Effect of Sawan and festivals

Buying gold and silver in Sawan has religious and cultural significance. Prices also increase due to increased demand in this month. The bullion market is also likely to remain bullish due to upcoming festivals like Rakshabandhan, Janmashtami and Ganesh Chaturthi.

What should investors do?

Experts advise that for those who want to invest for the long term, the current rates are not a matter of much concern. At the same time, small investors or customers shopping for weddings can wait for a possible fall in gold prices.

Note- It is important to note that these rates are approximate and there may be a slight difference in each city or shop. For accurate information, do check the updated prices from your nearest jeweler or online platforms.