Gold-Silver Rate Today: Gold rose by Rs 3770 and silver by Rs 8000, know today’s prices and the reason for the record rise.

Gold-Silver Rate Today in India: In the Indian bullion market, both gold and silver are at record highs. In the last one week, there has been a huge jump in the prices of gold by Rs 3,770 per 10 grams and silver by Rs 8,000 per kg. The main reason behind this rise is the cut in interest rates by the US Federal Reserve. Gold prices have witnessed an unprecedented rise of 65% in the domestic market so far this year, making it the safest and most preferred asset for investors.

Huge rise in gold and silver in a week

There is a strong rise in the prices of gold and silver on a weekly basis. According to the data, the price of 24 carat gold has increased by Rs 3,770 per 10 grams in the last one week. At the same time, 22 carat gold has also become costlier by Rs 3,450 per 10 grams.

On December 14, the price of 24 carat gold in the capital Delhi was recorded at Rs 1,34,070 per 10 grams, while in cities like Mumbai, Chennai and Kolkata it was at Rs 1,33,910 per 10 grams.

There has also been a huge jump in the prices of silver. Silver has risen by Rs 8,000 in a week to reach Rs 1,98,000 per kg.

Fed rate cut is the main reason behind the rise

The main reason for this big jump in gold and silver prices is global economic factors. Investor interest in gold and silver as safe assets has increased after the US Federal Reserve reduced the key interest rate by 0.25 percent.

With interest rates falling, the yield (return) on bonds is likely to reduce. In such a situation, investors move away from bonds and increase investment in low-risk assets like gold and silver, due to which their demand and prices increase.

International and domestic market situation

This year, gold prices in the domestic market have seen a record-breaking increase of 65% so far. This is an extraordinary growth which is giving great returns to investors. In the international market also, the spot price of gold remains at $4,338.40 per ounce and the price of silver remains at $64.57 per ounce. According to the London Bullion Market Association (LBMA), gold prices in the international market have climbed nearly 60 percent so far this year.

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Gold price in major cities (14 December)

Gold prices depend on domestic and international factors as well as local demand. Today’s price per 10 grams in major cities of the country-