Gold Silver Rate: Gold crosses Rs 1.05 lakh, silver prices also rise, what will happen next?

Once again, the country is witnessing a record jump in the prices of gold and silver. The prices of both gold and silver are rising at a rocket speed. Gold has surpassed all its old records (Gold Rate Today). As soon as the month of September began, the prices of gold and silver have reached an all-time high.

Gold Rate Today: Gold crosses 1.05 lakh

According to the news, gold increased by Rs 2,404 on Monday. After which its price reached Rs 1,04,792 per 10 grams. Earlier the price of gold was Rs 1,02,388. On the other hand, if we talk about silver, its price has increased by Rs 5,678. Silver has become Rs 1,23,250 per kg. Earlier its rate was Rs 1,17,572.

Silver Rate Today: Silver prices also increased

One of the reasons for the rise in the prices of gold and silver on Monday is the weakness in the US dollar. Apart from this, the expectations of interest rate cut by the Federal Reserve in September and the uncertainty of Trump tariffs are also the reason for this.

What will happen next?

According to experts, this is supporting gold. This is the reason why its demand is increasing. Now if the demand increases, then it is a simple matter that its price will also increase. Talking about this year, the price of gold can go up to Rs 1 lakh 8 thousand per 10 grams. On the other hand, silver can go up to Rs 1 lakh 30 thousand.

Gold prices in cities of the country