Gold Price Today on 3rd April 2024 : Amid the rise in gold prices in the global markets (Gold Price Today), the price of gold in the bullion market of the national capital on Wednesday rose by Rs 830 to reach a new record level of Rs 69,200 per 10 grams. HDFC Securities gave this information. This is the second time that gold prices have reached a record high this week. In the last trading session, gold had closed at Rs 68,370 per 10 grams. Saumil Gandhi, Research Analyst, HDFC Securities, said, “Taking cues from the firm trend in overseas markets, spot gold prices (24 carat) were trading at Rs 69,200 per 10 grams in Delhi markets, up from its previous close.” There is an increase of Rs 830.
Tremendous rise in silver
Silver price also surged by Rs 1,700 to close at Rs 80,700 per kg. In the previous trading session, it had closed at Rs 79,000 per kg.
global price of gold and silver
In the foreign market, Comex, spot gold was trading at $ 2,275 an ounce, which is $ 20 stronger than the previous closing price. “Gold prices touched another all-time high in early trade, crossing $2,300 an ounce,” said Pranav Mer, Vice President, EBG – Commodity and Currency Research, JM Financial Services Ltd. Whereas in MCX futures trading it reached around Rs 69,500. Because the demand for gold as a safe-haven investment option is increasing amid fears of increasing tensions in West Asia.
Why is the price of gold increasing?
Mer said, “After the recent stronger than expected economic data, there is uncertainty regarding the timing of interest rate cut by the US Federal Reserve, due to which bullion prices have also increased.” Apart from this, silver also increased. Was trading at $ 26.25 per ounce. In the last session it had closed at $ 25.55 an ounce.
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