Lucknow: With the holy festival of Rakshabandhan approaching, once again gold prices have seen a rise. In the month of Sawan, while on the one hand people's interest in shopping increases, the movement in the bullion market also increases. Today i.e. on July 31, an increase in the price of gold has been registered in various cities of Uttar Pradesh, while silver rates also saw slight fluctuations. Today, the rate of 24 carat gold has reached Rs 97,760 per 10 grams in major cities of Uttar Pradesh like Lucknow, Noida, Ghaziabad, Meerut, Varanasi, Ayodhya, Gorakhpur, Agra and Kanpur. At the same time, the price of 22 carat gold has been recorded at Rs 93,100 per 10 grams. Talking about silver, it has reached Rs 1,27,000 per kg, which shows a slight increase compared to the past days. Demand increased for Rakshabandhan shopping The demand for gold is increasing in the market due to Sawan and Rakshabandhan. According to bullion traders, the number of buyers has increased in the last few days. Many customers are buying gold bangles, lockets, rings and other jewellery as Rakshabandhan gifts. This jump in prices has been recorded due to this increased demand. Will the price of gold decrease again? However, market analysts say that this rise may be temporary. There has been fluctuation in the price of gold in the international market in the last few weeks. Experts estimate that the price of gold may again come around Rs 95,000 per 10 grams. But it will completely depend on global economic conditions, dollar situation and crude oil prices. How to get accurate information about prices? If you are planning to buy gold, it would be better to get information about the rate from local jewelers. Also, you can check the latest rates through digital platforms or jewelers' websites. Sometimes there may be a slight difference between online rates and market rates, so it is necessary to confirm the rate at the local level before buying. Silver is also fluctuating Silver prices are also witnessing volatility at this time. On July 31, the price of silver in the bullion market of UP has reached Rs 1,27,000 per kg. Silver is also considered a good option in terms of investment, especially its demand is high in rural areas. Note- It is important to note that all the prices given here are approximate and may vary in different cities. Changes in prices are possible depending on local taxes, making charges and other charges.
