Bhubaneswar, oct 13 : Big trouble in the market before Dhanteras
This week, the prices of gold and silver have suddenly touched the sky in the Indian market.
And just a few days after Dhanteras
There is a belief that people buy gold and silver on Dhanteras, but the way its price is increasing is having a big impact on the pockets of consumers.
Between October 6 and 11, the price of silver increased by Rs 19,000 to touch a record Rs 1.90 lakh per kg. Last week, the price increased by Rs 14,000 in just two days, on the 9th and 10th.
Similarly, the price of gold is also not far behind. In Bhubaneswar, 22-carat gold increased from Rs 1,09,450 to Rs 1,14,650, and 24-carat gold jumped from Rs 1,19,400 to Rs 1,25,080. Which is having a profound impact on both traders and buyers. Gold is becoming difficult to buy due to high prices
There are many reasons behind this increase, including the weakening of the currency against the dollar, US tariff policies, geopolitical tensions, and increasing demand for silver in industries. All these factors are causing the jewellery market to fluctuate
Where will the rising gold price go? Renowned industrialist Harsha Goenka gave an interesting example: While in 1990, a kilogram of gold was equivalent to a Maruti 800, in 2025, you can buy a Land Rover for the same price!
If this trend continues, then in 2030, a kilogram of gold will be equivalent to a Rolls-Royce, and in 2040, a private jet!
Gold and silver are ornaments for many, but for many, they are like keys to investing in the future. So it will be interesting to see how much more this price will go up?
With this, the main question now is how people will celebrate Dhanteras amidst the high prices.
