Shravan brings boom in Gold and Silver prices; Significant hike in UP

In the month of Shravan, the prices of gold and silver have increased significantly. As soon as the bullion market opened today, July 20, 24-carat gold reached ₹1,00,190 per 10 grams, while silver is selling at ₹1,16,000 per kg. In cities such as Lucknow, Noida, Agra and Ghaziabad, the number of customers has increased.

Lucknow: With the beginning of Shravan, the prices of gold and silver are witnessing a surge in the bullion markets of Uttar Pradesh. As soon as the market opened on 20 July, the price of 24-carat gold reached ₹1,00,190 per 10 grams, which is considered to be one of the highest rates ever. At the same time, silver is also selling at ₹1,16,000 per kg.

Major cities of Uttar Pradesh - Lucknow, Noida, Ghaziabad, Meerut, Ayodhya, Gorakhpur, Varanasi, Kanpur and Agra - are witnessing a huge movement in the bullion market. Investors and buyers are constantly gathering information about prices so that purchases can be made at the right time.

Gold Prices In Major Cities

24 carat gold: ₹1,00,190 per 10 gram

22 carat gold: ₹91,850 per 10 gram

18 carat gold: ₹75,150 per 10 gram

Silver ₹1,16,000 per kg

According to bullion market experts, the demand for jewellery is increasing in view of religious events and upcoming festivals in the month of Sawan, due to which the prices are seeing an increase.

Will Gold Get Cheaper?

However, experts also say that the way gold prices have fluctuated in the last few days, it is indicating that prices may fall to the level of ₹95,000 per 10 grams in the coming weeks. But this decline will not be permanent as prices are likely to rise again in line with global market volatility and local demand conditions.

What Buyer Can Do?

If you are planning to buy gold or silver, it is advisable to confirm the latest price by contacting a trusted jeweller in your city. Prices change from day to day, so it is important to check the rate before buying.

The government and exchange platforms also release updated rates from time to time, which can also be accessed online.

In Uttar Pradesh, the prices of gold and silver have increased in the bullion market today. While some experts are predicting a decline, considering the current bullish trend, it is important to make a conscious decision before buying.

Why To Invest In Gold

Gold is considered a great way to diversify the portfolio and balance market risk. When the stock market falls, gold prices usually see a rise. This is why investors turn to gold during economic uncertainty or geopolitical tensions. Its high liquidity and global recognition make it quickly convertible into cash.

Note: All rates above are approximate and may vary slightly from store to store or city to city.