international markets Due to the rise in gold prices, the price of gold in the bullion market of the national capital on Monday rose by Rs 1,070 to reach an all-time high of Rs 68,420 per 10 grams. In the last trading session, gold had closed at Rs 67,350 per 10 grams. In such a situation, if you are going to buy gold jewellery, then what will the jewelers charge you for 22 carat and 18 carat jewellery? At today’s price, if you buy 22 carat gold jewellery, the jeweler will charge Rs 63,750 per 10 grams. Whereas, if bought in 18 carat, it will cost Rs 52,160 per 10 grams.
Silver price also increased by Rs 1,120
Silver price also increased by Rs 1,120 to close at Rs 78,570 per kg. In the previous trading session, it had closed at Rs 77,450 per kg. Dilip Parmar, Research Analyst, HDFC Securities, said, “Gold prices have reached record levels as the US Federal Reserve is getting closer to cutting interest rates, which is giving impetus to the rise in bullion prices. ”Apart from this, strong demand from China is also causing rise in gold prices.” Meanwhile, the price of June contract of gold in MCX futures trade rose by Rs 978 to Rs 68,679 per 10 grams. The price of May contract of silver rose by Rs 763 to Rs 75,811 per kg.
Big jump in foreign market also
Spot gold prices in the foreign market Comex rose to US $ 2,265.73 an ounce and were last quoted at $ 2,257.10 an ounce. “Gold has surged above $2,280 an ounce in overseas futures and hit a record high of Rs 69,487 per 10 gram in MCX futures as US currency… “Growth data is better than expected and inflation is above 2.5 percent, raising concerns about an expected interest rate cut at the Federal Reserve’s June meeting.”
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