During economic uncertainty, gold prices increase due to safe haven.
Gold prices declined on Friday. Gold slipped from a record high. According to the official website, gold was trading at Rs 88,366 per 10 grams at Rs 88,366 per 10 grams at the Multi Commodity Exchange i.e. MCX at 11.52 am. In the last session, the price of MCX Gold for the contract of April 4 went to Rs 89,796 per 10 grams. Gold prices fell in the domestic futures market on Friday morning due to a high level profit booking.
Gold is strong due to these reasons
According to the news, gold prices in domestic and international markets have reached a record height this week amidst increasing global uncertainty, stability in the dollar index and the possibility of cutting interest rates and the possibility of deduction. During economic uncertainty, gold prices increase due to safe haven. The re -increase in tension in Gaza is another factor that is positive for gold prices.
Gold spot price in big cities of the country
According to Goodreturns, the price for 24 carat gold in Delhi today is ₹ 9,037 per gram, ₹ 8,285 per gram for 22 carat gold and ₹ 6,779 per gram for 18 carat gold (also known as 999 gold). In Mumbai on Friday, the price of gold is ₹ 9,022 per gram for 24 carat gold, ₹ 8,270 per gram for 22 carat gold and ₹ 6,767 per gram for 18 carat gold. In Kolkata today, the price of gold is ₹ 9,022 per gram for 24 carat gold, ₹ 8,270 per gram for 22 carat gold and ₹ 6,767 per gram for 18 carat gold. In Chennai on March 21, the price of gold is ₹ 9,022 per gram for 24 carat gold, ₹ 8,270 per gram for 22 carat gold and ₹ 6,825 per gram for 18 carat gold.
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