New Delhi. In America, gold seems to be becoming expensive even before the official inflation data comes out. The price of 24 carat i.e. pure gold became Rs 78800 per 10 grams on Wednesday. This is the highest in 2 weeks. On MCX, gold futures for February 2025 stood at Rs 78840 per 10 grams. That means it saw an increase of Rs 502 compared to the closing of the previous session. At the same time, spot gold also rose in the international market and its per ounce increased by 0.2 percent to $ 2698.47. At the same time, a fall of Rs 4 was seen in the price of silver on MCX and its future trading rate was Rs 95521 per kg.
In Delhi on Wednesday, the price of 24 carat gold per 8 grams was Rs 62320. At the same time, jewelers sold 24 carat gold at the rate of Rs 61024 per 8 grams in Mumbai and Rs 60600 in Chennai on Wednesday. In America, the consumer price index is expected to be 0.3 percent higher in the month of November. However, it is believed that the US Federal Reserve may again cut interest rates by 0.25 percent on December 18. Last time also the Federal Reserve had reduced the interest rate by 0.25 percent. For this reason the price of gold is increasing. Because if the Federal Reserve reduces the interest rate, investors will move towards buying gold.
Due to the ongoing turmoil in the world, an increase in the price of gold may also be seen. On one hand, the war between Russia and Ukraine is still going on. At the same time, the government of Bashar al-Assad has collapsed in Syria. The situation in the rest of the world also seems full of tension. The conflict between Israel and Hamas is not over yet. At the same time, there is an atmosphere against President Yun Suk Yeol in South Korea. Due to such turmoil also investors can express confidence in gold.
