Gold and Silver Price in MP: Indore (Naiduniya Representative). Brent and US crude oil prices are still at their highest level since 2011. The world is facing oil inflation due to the stoppage of imports from Russia. The impact of strict sanctions on Russia will not only affect Russia but also on countries around the world. This will slow down the pace of the economy and increase inflation. In a speech to the US Congress, Federal Reserve chief Jerome Powell upheld the March interest rate hike. The fear of rising inflation has also been expressed. Nripendra Yadav of Swastik Investmart says that in the last week gold increased by 2000 per ten grams. Silver has gained Rs 3000 per kg. The dollar is also showing improvement from lower levels. This is also supporting the prices of crude oil and gold and silver.
In the international bullion futures market, on Friday night, the last trading day of the week, due to the activity of speculators in the futures market, the prices of gold and silver closed with a jump. On Camex, gold rose at $ 1970 an ounce and silver closed at $ 25.71 an ounce. Due to this, the prices of both the metals opened up sharply on Saturday in the domestic markets as well. In Indore, gold rose by Rs 175 again to Rs 52100 per ten grams. On the other hand, silver rose by Rs 500 to Rs 67,600 per kg.
Ujjain bullion: Gold Standard 52200, Sona Rava 52100, Silver Pat 68000, Silver Tanch 67800, Coin Rs 800 per piece.
Ratlam Bullion: Silver Chaurasa 68500, Tanch 68600, Gold Standard 52500 Rawa 52450 Rs. (RTGS rates).
closing price
In Indore, gold Kadbury-Rava 52100 gold (RTGS) 53700 gold 22 carat (91.60) was quoted at Rs 49190 per ten grams. Gold Cadbury closed at Rs 51925 on Friday. Here, Silver Chaurasa 67600 Silver Raw 67700 Silver (RTGS) 70200 Rs. reached per kg. Silver had closed at Rs 67100 on Friday.
Posted By: Prashant Pandey