Gold Silver Price: With President Donald Trump coming to power in the 47th year of America, uncertainty over his trade policies and weakening of the dollar have seen a rise in the precious metals market. The price of gold in the domestic market has reached its highest level ever. Globally too, gold has reached its highest level in 11 months.
Gold touched a historic high of Rs 82,800 per 10 grams in the Ahmedabad precious metal market today. Whose price on 30th October was Rs. 82300 per 10 grams. The price of gold per 10 grams is Rs. There has been an increase of 700. Investment in safe havens has increased today due to the break in the attractive rally in the US dollar.
Silver became costlier by Rs 1000
Silver, which gave attractive returns last year due to industrial demand, is now trading at Rs 100. 1000 has become expensive. Today in Ahmedabad Rs. 91500 per kg was being quoted. In October last year, silver prices had touched a record high of Rs 99,000 per kg. It is noteworthy that the demand for silver as compared to gold is continuously increasing across the world. The reason behind this is the increasing demand for electronics devices and e-vehicles. Commodity experts have also expressed the possibility that silver will cross the one and a half iron mark this year.
Gold rose by Rs 280 on MCX
MCX gold futures (5 February) today at Rs. It became Rs 280. 79504 per 10 grams was recorded. While silver futures (5 March) were at Rs. Decreased to Rs 171. Closed at Rs 91906 per kg. Globally, spot gold rose more than $10 to an 11-month high of $2,774 an ounce. Till the time of writing the news, it was trading up $7.50 at $2766.30 an ounce.
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