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Gold Silver Price | Gold rose by Rs 1,000 and silver by Rs 700

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Gold Silver Price | Gold rose by Rs 1,000 and silver by Rs 700

Mumbai: Gold prices have seen a rebound in the last few days as the market closed on Wednesday evening. On Wednesday evening, the price of gold rose by one thousand. In Mumbai, the price of 22 carat gold has gone up by Rs 1,000 to Rs 44,020 while the price of 24 carat gold has gone up to Rs 45,020. Silver also declined by Rs 700 to Rs 65,300 from Rs 66,000. Chennai and Hyderabad have the highest silver prices at 69,700. In Mumbai, it is 65,300. & Nbsp;

Although the international price of gold in Mumbai varies, some local factors also affect it. The price of gold in Mumbai is determined by the Indian Bullion Jewelers Association. It considers the local import tax and the MCX commodity market. MCX is the largest commodity market in the country where gold is priced. & Nbsp;

For many, investing in gold is a safe and guaranteed investment option. The number of those who prefer to invest money in gold is higher. Meanwhile, investors have been flocking to this option as gold prices have been falling steadily over the past few days. According to experts, the recent decline in gold prices is likely to continue in the near term. In August 2020, gold prices hit a record high of Rs 56,000 per 10 grams. Since then, gold prices have fallen by 11,000. So people seem to be increasingly turning to gold. & Nbsp;

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