Silver and Gold prices may rise in 2022

Jaipur: Gold and silver prices are rising on MCX. On November 12, gold and silver also registered a rise for the fifth consecutive day. On Friday, on MCX, gold rose by Rs 130 to close at Rs 49346 per 10 grams and silver by Rs 183 to close at Rs 67148 per kg. Before this, in the last four sessions, gold has climbed around Rs 1200, and silver has also risen around Rs 2500. In this way, the current week was in the name of a rising in gold. Experts say that the way liquidity has increased worldwide since Kovid and inflation is being seen, due to which there can be a tremendous rise in gold and silver in the year 2022. Let us tell you that these days inflation in the US is at a 31-year high, in China at a 40-year high, and in Japan at a 41-year high. The demand for gold has increased due to currency pressure around the world. Gold is considered the safest and devaluation-free currency of the world, not of any country undeclared. In such a situation, whenever the currencies of countries worldwide are under pressure, the demand for gold has increased, and its prices increase. According to Matadin Soni, general secretary of Jaipur Sarafa Committee, in the year 2022, gold can touch the level of 65 to 70 thousand, and silver can reach one lakh.

The year 2022 will be in the name of gold and silver

According to Manoj Jain, Commodity and Currency Head at Prithvifin Mart, the year 2022 will be in the name of gold and silver. Not just gold and silver, the opening of the lockdown has increased the demand for all kinds of commodities across the world. On the other hand, there is liquidity in the markets around the world, due to which the prices of all types of things are seeing a rise, and the movement of the call will remain the same in the year 2022.

Gold rose by Rs 1350 and silver by Rs 2450 in five days

In the international market on November 12, gold closed at $ 1868 an ounce, and silver also closed at $ 25.35 an ounce. Gold was up by 0.25 percent, and silver was up by 0.18 percent. Due to the rise in gold and silver in the international market, the prices of gold have also risen sharply in the spot market of Jaipur. The price of gold in Jaipur was quoted at Rs.49400 per 10 grams on November 9 in the spot market of Jaipur, which was on November 13. To reach 50750. Similarly, the price of silver was also quoted at Rs 66550 per kg in the spot market of Jaipur on 9 November, which was 69000 on 13 November. In this way, gold has risen by Rs 1350 and silver by Rs 2450 in five days.