With gold rates on a constant upswing, consumers this Dhanteras ended up paying almost 323% more for the glittering metal they Dhanteras day five years ago. It may now be unbelievable but Gold on Dhanteras day in 2005 was just Rs 6,000 a tola (10 grams). On Wednesday, it was Rs 19,950 per 10 grams in Nagpur market. Silver too jumped by 325% from Rs 11,675 a kg in 2005 to Rs 38,000 now.
Even compared to previous year, the prices of gold and silver jumped 23.5% and 39% respectively. The rates were Rs 16,150 per 10 grams and Rs 27,300 a kg in 2009. In a decade, the gold rates have gone up by 443% and silver by 469%. Both the metals were at Rs 4501 per 10 grams and Rs 8100 a kg respectively in 2000.
Aluminium, Copper, Crude, Gold, Lead, Natural Gas, Nickel, Silver, Zinc - These are involved in our life to that extent, we can't even dream to live without them. |
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