Gold prices hit record high, hitting historic high of Rs 63,500 per 10 grams for the first time.

Gold prices at record highs: The price of gold has touched a new high due to strong signals from the international market. The price of gold has crossed 63 thousand rupees per 10 grams and reached the level of 63 thousand 500 rupees per 10 grams. Gold had closed at Rs 62,750 per 10 grams in the previous trading session.

On this rise in gold prices, HDFC Securities Senior Analyst (Commodity) Somal Gandhi said, “Due to the bullish trend in foreign markets, gold prices in the Delhi NCR region on Wednesday rose to Rs 750. rose to Rs 63,500 per 10 kg. The village reached its all-time high. Gold price also touched $2,041 per ounce in futures trading on MCX. The price was $2,041 per ounce in the previous trading session.

Not only gold but also silver prices are seeing a huge increase. The price of silver in the bullion market has increased by Rs 800 to Rs 79 thousand per kg. While the price of silver in the world market has reached 24.95 dollars per ounce. Sumal Gandhi said that in addition to the weakness of the dollar, there are now indications from the Federal Reserve that the US Federal Reserve will start reducing interest rates from next year. This is the reason why gold prices are witnessing a huge increase.

However, the wedding season is going on in the country, so those who are thinking of buying gold jewelery will have to spend more money due to the record rise in gold prices. Gold prices rebounded from the first week of October 2023 when gold was trading at Rs 56,630 per 10 grams. That is, within two months, the price of gold has increased by about 7000 rupees per 10 grams.

Also read-

Death of Charlie Munger: Warren Buffett’s trusted advisor Charlie Munger has passed away at the age of 99.

Leave a Comment