Gold Silver Rate: Increase in the price of silver, gold also increased, know the latest rate of your city
Gold Silver Rate: At the end of the year, the prices of precious metals are fluctuating. An increase in the prices of gold and silver was recorded in the domestic commodity market on Wednesday.
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delivery silver
While in today’s trading, gold for February delivery opened 0.20% higher at Rs 1,30,369 per 10 grams on the Multi Commodity Exchange (MCX) in the morning, while silver for March delivery opened 1.14% higher at Rs 1,90,210 per kg.
trend
However, at 1:24 pm, gold was trading at Rs 130200, up Rs 93 or 0.7 per cent. At the same time, silver was trading at Rs 191290 per kg with an increase of Rs 3226 or 1.72.
There was a jump in prices
The biggest reason for this rise is the US Federal Reserve’s decision on interest rates tonight. The job market in America is cooling down and inflation still remains above the Fed’s 2% target. In such a situation, the market hopes that this time also the Fed can cut interest rates or at least show a soft stance. Gold and silver are being purchased all over the world in the hope of falling interest rates. This is the reason why the Indian market is also shining since this morning.
rate
According to GoodReturns, the rate of 24 carat in Chennai is Rs 1,31,240 per 10 grams, while 22 carat is being sold at Rs 1,20,300 per 10 grams. At the same time, in Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala and Pune, the price of 24 carat gold was Rs 1,30,310 per 10 grams, while the price of 22 carat was recorded at Rs 1,19,450 per 10 grams.
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