Gold price has dropped by more than 1,400, silver cross Rs 1.04 lakh

New -delhi, June 5 (IANS). Golden and silver prices had an increase on Thursday and the price of 24 carat gold rose to Rs 98,000 per 10 grams and silver crossed Rs 1.04 lakh per kg. According to the India Bullion Jewelers Association (IBJA), the price of 24 carat gold with Rs 1.416 rose to Rs 98,163 per 10 grams, which was Rs 96,747 per 10 grams on Wednesday. The price of 10 grams of 22 carats rose to Rs 89.917, which used to be Rs 88.620 per 10 grams. At the same time, the price of 10 grams of 18 carat rose to Rs 73.622, which used to be Rs 72.560 per 10 grams. There was a large increase in the price of silver with gold. In the past 24 hours, the price of silver with Rs 3,695 has risen to Rs 1,04,675 per kg, which used to be Rs 1,00,980 per kg. Jatin Trivedi of LKP Securities said gold was recorded due to the weakness in the dollar and silver reached a peak of 12 months. Gold can remain in the vicinity of Rs 97,000 per 10 grams to Rs 99,500 per 10 grams in the coming time. In the international market, gold and silver prices also see an increase. Gold rose 0.19 percent to $ 3,406.22 per gram and silver at $ 36.06 per gram with a weakness of 4.05 percent. Since January 1, the price of 10 grams of 24 carat gold has risen from Rs 76,162 to Rs 22.001 or 28.88 percent to Rs 98,163. At the same time, Silver Price also rose from Rs 86.017 per kg to Rs 18,658 or 21.69 percent to Rs 1,04,675 per kg. Furthermore, Trivedi said the rupee was strengthened due to a strong FII flow and a positive trend in domestic capital markets. Weakness below 98.75 points in the dollar index also contributed to the strength of the rupee. In the coming time, the rupee can trade within the radius of 85.50 to 86.25. -Ians abs/