Gold and silver became expensive on the first trading day of the week; Gold reached Rs 46,592, silver once again crossed 60 thousand
Gold Silver Price 4th October Update; Sona Chandi Ka Rate Per Gram Kya Hai In India Mumbai Delhi
TPN24 Desk 
On the first trading day of the week i.e. today, there has been an increase in the prices of gold and silver in the bullion market. According to the website of India Bullion and Jewelers Association (IBJA), gold has become costlier by Rs 158 to Rs 46,592 per 10 grams in the bullion market today. However, there is a slight weakness in gold in the futures market today. Gold is trading at Rs 46,469 with a fall of Rs 37 on MCX at 1.30 pm.
Tinsel silver bullion
to silver then went to Rs 60,611 per kg, with a growth rate of these 1,030 rupees in the bullion market. On MCX too, it is trading at Rs 60,452 with a fall of Rs 98 at 1 pm.
Gold became cheaper by more than Rs 1400 in September In the
last month i.e. in September, the price of gold has fallen by Rs 1,416 in the bullion market. It was Rs 47,267 on 1st September, which came down to Rs 45,851 per 10 grams on 30th September. On the other hand, when it comes to silver, it became cheaper by Rs 6,307 and came to Rs 58,118 per kg on 30 September.
There is pressure on gold and silver,
experts say that due to the rise in the interest on the dollar and bonds, the price of gold remains under pressure. However, due to the rise in the price of crude oil, the inflation rate in the world will increase. In such a situation, the demand for gold will increase again in the coming days. Apart from this, the demand for gold will pick up in the festive season and this can lead to an increase in the price.
Gold can go up to 49 thousand by Diwali,
Anuj Gupta, Vice President (Commodity and Currency), IIFL Securities says that due to the strengthening of the dollar, there is pressure on gold and silver. However, due to the increase in crude oil prices, the price of petrol and diesel is likely to increase in the coming months. This can increase inflation. In such a situation, there can be an increase in gold in the long term. According to him, by Diwali, the price of gold can reach 49 thousand rupees.
