Nagpur business news: Gold is giving tension to people by beating the stock market. For the last few days, gold has reached Rs 1,02,900 per 10 grams on Friday. For the last 1 year, there is a continuous jump in gold prices. In August 29 last year, the gold which was running in the range of Rs 71,900 per 10 grams, has increased by Rs 31,000 to Rs 1,02,900 per 10 grams this year i.e. a year.

On August 1 this month, gold was running at a level of Rs 98,800, but due to a weak rupee and positive attitude in foreign markets, the local bullion market saw a sharp increase in gold prices and it reached a new record level. Similarly, silver jerked directly to Rs 1,18,900 per kg. Now gold and silver have gained momentum once again. The increase in prices and the impact on the market can affect the next season.

Impact on subscription

According to the traders, the festive season is still beginning, but due to the tension prices, the subscription is being affected. Middle class people are cutting budget and buying light weight jewelry. Traders are waiting for the upcoming weddings season. If the prices of gold and silver continue to make such records, then it will be difficult to buy expensive metal of people. This can also affect trade.

Today, expensive gold is no longer the ‘jewel’ of the common man. The middle -class family who used to stay ahead in buying gold, now he has pulled back. According to bullion traders, the number of middle class families was the highest among the customers coming to the shop, which would be expensive now. Sleep And is becoming less due to silver. Those who are coming at this time are purchasing according to their budget. In this, the demand for upper class remains good, while lower and middle class are avoiding purchasing big and expensive jewels.

• Prices reached Rs 1,02,900 per 10 grams, few customers are shopping


• Silver reached a record price of Rs 1,18,800 per kg


• 71,900 rupees per 10 grams of gold was running on 29 August 2024


• Silver was at Rs 85,300 per kg on 29 August 2024


• Gold became expensive by Rs 31,000 in 1 year


• 33,500 rupees jumped in silver in the year

Buying common people did not stop in the bus

Customers Sushma Gupta say that the price of gold is worried about how to make jewelry in the marriage of children. This will be that instead of 5 to 7 items, we will run only in 2 or 3 items. In the era of inflation, gold will be forced to think many times in giving silver ornaments far away in his daughter’s wedding. Today, the price of gold has reached the sky, which is not in the bus of common people like us.

Prices like this in August