gold and silver The trend of rising prices is showing no signs of stopping. Today again the prices of gold and silver are rising. Let us tell you that the gold futures maturing on June 5, 2024 were at Rs 70,981 per 10 grams on MCX, which is Rs 345 or 0.49 percent more than the previous level of Rs 70,636. Silver maturing on May 3, 2024 is also trading at Rs 81,687 with a rise of Rs 824. Today gold has hit a high of Rs 71,057 and silver has hit a high of Rs 81,955. This is a new record for gold and silver. The price of gold has increased by 12 percent so far this year.
What is the price of gold in your city?
Wedding season is going on. At this time many people are buying gold. In such a situation, if you are going to buy gold then the burden on your pocket is sure to increase. Let us tell you that on Monday, the price of 24 carat gold in Delhi is around Rs 71,430 per 10 grams, while in Mumbai it is Rs 71,280 per 10 grams, in Chennai it is Rs 72,150 per 10 grams. Whereas, if we talk about 22 carat, its rate in Delhi is Rs 65,500. That means for 10 grams of jewellery, you will have to pay Rs 65,500 plus making charges.
Why is the price of gold increasing?
The price of gold has increased rapidly due to increasing geopolitical tension in Central Asia. The signal of interest rate cut by the US Fed has also increased the buying of gold. Central banks have bought large amounts of gold and demand for it has increased amid rising tensions due to the Israel-Hamas conflict. In the international market, gold spot is at $ 2,343.89 an ounce after reaching a record high of $ 2,353.79 an ounce.
Input: IANS
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