Gold prices continue to rise. The price of 10 grams of 24 carat gold has increased to around Rs 71,510. Earlier the price of gold was Rs 71,279 per 10 grams. The reason for the rise in gold prices is the increase in global gold prices along with strong domestic demand. At the same time, the price of silver has reached close to Rs 82,000 per kg.
Rate of 22, 20, 18 and 14 carat?
According to the Indian Bullion Jewelery Association, the price of 22 carat gold is Rs 69,790 per 10 grams. The price of 20 carat gold has increased to Rs 63,640 per 10 grams. At the same time, the rate of 18 carat gold is Rs 57,920 per 10 grams and the price of 14 carat gold is Rs 46,120 per 10 grams.
global gold price
Globally, a tremendous rise is being seen in the prices of both gold and silver. 24-carat gold is trading 1.29 percent or $ 30 an ounce higher at $ 2,381 an ounce and silver is trading 1.50 percent or $ 0.411 an ounce at $ 28.223 an ounce. One reason for the rise in gold and silver is the US Fed’s indication of cutting interest rates.
Gold and silver prices in futures
A rise in the prices of gold and silver is being seen in futures. The gold contract for June 05 is up by 1.03 percent at Rs 71,643 per 10 grams and the silver contract for May 03 is at Rs 82,700 per kg with a rise of one percent. The reason for the rise in the prices of gold and silver futures is the creation of new positions by investors.
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