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Gold could touch ₹61,000 by Diwali

Gold prices are likely to hit ₹61,000 per 10 grams levels this Diwali that falls in mid-November, analysts said. This is a growth of around ₹2,000, or 3.3%, from the current market price of the yellow metal.

Silver prices are also expected to see a rise of around ₹5,000 per kg from here and trade around ₹75,000 levels in Diwali 2023.

The expectation of a rally in gold and silver prices comes on the back of a sustained positive environment for the bullion in the global as well as domestic markets, analysts said.

Source: mint

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