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Tremendous jump in gold and silver prices on the first day of December, know today's latest rates

Tremendous jump in gold and silver prices on the first day of December, know today’s latest rates

Gold Silver Price on 1 December 2022: From today, the last month of the year i.e. December has started. With the beginning of this month, a rise in the prices of gold and silver is being seen in the international market today. On the other hand, talking about the domestic Multi Commodity Exchange (MCX), there have been ups and downs in it. After the opening of the market, a fall in the price of gold of 24 carat purity was recorded in MCX in the initial phase and it was trading at Rs 52,462 per 10 grams. At the same time, once again a tremendous boom has been seen in it and it is trading at 52,965 (Gold Price Today). On the other hand, if we talk about silver, there has been a rise in the price of silver both in the domestic and international markets. After an increase of Rs 1,160 in the price of silver at 11:30 am, it is trading at Rs 63,400 (Silver Price Today).

What is the condition of the international market?
Along with the domestic market, the price of gold and silver is also increasing in the international market. The price of gold has registered an increase of 1.51 percent and has reached $ 1,775.25 an ounce. On the other hand, talking about the price of silver in the international market, it has registered an increase of 5.14 percent and has reached $ 22.31 per ounce.

The increase in the price of gold and silver in the month of November-
Let us tell you that in the month of November, an increase of about 5 percent has been seen in the prices of gold. In such a situation, a total increase of Rs 2,500 has been registered in the price of gold, but despite this increase, gold is being sold Rs 3,000 cheaper than its record level. It is worth noting that in the month of August 2022, gold had reached the most expensive level of 56,200. Many experts believe that by next year, gold will cross its record level. Gold price is likely to remain in the range of Rs 52,500 to Rs 53,200 this week.

Keep these things in mind while buying gold during the wedding season-
Before shopping for gold, it is very important to take care of some special things. Along with this, it is also necessary to see the price of gold. Indian Standard Organization advises people to check the hallmark mark made on it before buying gold. Hallmark gives proof of the purity of gold. Apart from this, also check whether you are buying gold out of 24 carat, 22 carat, 20 carat or 18 carat. Apart from this, you should also cross verify things like making charge.

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