Today the price of gold fell, silver became expensive: Gold came at Rs 71,670, silver was being sold at Rs 80,119 per kg.

There has been a slight decline in the prices of gold today i.e. on May 2. According to India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold has become cheaper by Rs 40 to Rs 71,670. If we talk about silver, there has been a slight increase in its price. Today one kg of silver has become costlier by Rs 69 and is being sold at Rs 80,119 per kg. Earlier on May 1, silver was at Rs 80,050 per kg. The price of gold in 4 metros and Bhopal has seen a spectacular rise in gold and silver this year. According to IBJA, the price of gold has increased by Rs 8,318 so far this year. On January 1, gold was at Rs 63,352, which is now at Rs 71,670 per 10 grams. At the same time, the price of one kg silver has increased from Rs 73,395 to Rs 80,119. According to Mahendra Lunia, Chairman of Vighnaharta Gold, the price of gold can reach Rs 1.68 lakh per 10 grams by 2030. Reasons for the rise in gold prices range from geopolitical tensions to global economic recession.

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