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Business122 words1 min read

Gold and Silver Prices Change in India

stacked gold bullion bars
Photo by Jingming Pan on Unsplash
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Listen to the story

Gold and silver prices changed in India this week.

One report said gold went up. It said gold rose by 967 rupees. Gold reached 1.55 lakh rupees.

The same report said silver also went up. Silver rose by 2,439 rupees. Silver reached 2.33 lakh rupees for one kilo.

This year, gold has become 22,000 rupees more expensive.

But another report gave different news. It said gold became cheaper on the festival day of Janmashtami. It said silver was near 2.34 lakh rupees.

Experts are talking about prices. People want to know if prices will go up or down next.

Many people in India buy gold and silver. They buy it for weddings and festivals. Price changes are big news for them.

Vocabulary15 words

price
how much money something costs
rupee
money used in India
lakh
a number word in India; it means 100,000
expensive
costs a lot of money
cheaper
costs less money
expert
a person who knows a lot about something
Janmashtami
a Hindu festival day
silver
a shiny grey metal, worth money
gold
a shiny yellow metal, worth a lot of money
kilo
a unit for weight, short for kilogram
report
a piece of news information
festival
a special day people celebrate
market
a place or system where things are bought and sold
rate
the price of something at one time
wedding
a marriage ceremony

Quiz

1. What happened to gold prices, according to one report?
2. What festival is mentioned in the story?
3. How much more expensive has gold become this year, according to the report?

Fill-in-the-blank listening

Play the audio again and fill in the missing words as you listen.

Gold and silver prices _____ in India this week.

One report said gold went _____. It said gold rose by _____ rupees. Gold reached 1.55 lakh rupees.

The same report said silver also went up. Silver rose by 2,439 rupees. Silver reached _____ lakh rupees for one kilo.

This year, gold has become _____ rupees more expensive.

But another report gave different news. It said gold became _____ on the festival day of Janmashtami.

Experts are talking about _____. People want to know if prices will go up or down next.

Many people in India buy gold and silver for _____ and festivals.

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