Gold Price Today: Gold took a U-turn due to the statement of the Federal Reserve, surge in the global market, slight slowdown in the domestic market.

Once again a big upswing is being seen in the prices of gold and silver in the global and domestic bullion market. The price of gold, which had been falling continuously for some time and reached a record low level, has now suddenly started rising. The main reason for this recent rise in the international market is a recent statement by Kevin Warsh, the new Chairman of the US Central Bank Federal Reserve. Kevin Warsh has indicated that there will not be a very aggressive increase in interest rates to control inflation in the coming times. After this statement of the Fed Chairman, the worries of the investors went away and gold, which was facing the recession, has taken a tremendous U-turn. Earlier, due to the fear of continuous increase in interest rates, a huge fall in gold prices was recorded in the June quarter, but now this trend has stopped. There was a huge rise in the global market (COMEX), silver also shined. The effect of signs of softening of the stance of the US Federal Reserve was clearly visible on the international commodity market on Friday: Gold Price (COMEX Gold): On Friday morning, on the global market COMEX, gold made a huge jump of $ 57 per ounce and reached the level of $ 4,182 per ounce. Silver Price (COMEX Silver): Along with gold, the prices of silver also increased by more than one dollar and it became stronger and was seen trending at $ 62.425 per ounce. Fluctuations in the domestic market: Gold has fallen by more than 12% from January’s high. Despite the rise globally on Friday, there was a slight slowdown in the prices of gold and silver in the Indian domestic market (MCX) on Thursday evening. In fact, due to the heavy recession in the last weeks of June, many domestic investors had started withdrawing their money from the market, the effect of which is still visible on the spot market. If we look at the long-term trend, gold, which had touched a record high in the beginning of this year i.e. in January, has fallen by more than 12 percent in the June quarter. During this period, silver has also fallen by a huge 17 percent. Talking about the spot market, gold which had reached an all-time high of Rs 1.90 lakh per 10 grams in January, had recently fallen to the level of Rs 1.39 lakh per 10 grams. Latest update of gold and silver futures prices on MCX: The closing of the trading session on Thursday evening on Multi Commodity Exchange (MCX) was as follows: Gold Future: Gold for upcoming August delivery closed with a slight fall at Rs 1,45,758 per 10 grams on Thursday evening. However, during intraday trading it also touched a high of Rs 1,46,666. Silver Futures: Silver for September delivery closed marginally lower at Rs 2,33,304 per kg (intraday high was Rs 2,36,575). At the same time, silver for short-term delivery on August 31 closed at Rs 2,33,413 per kg with an increase of Rs 2,487. IBJA Rates: Know the official price of 18, 22 and 24 carat gold According to the official spot price released by the India Bullion and Jewelers Association (IBJA) at 5 pm on Thursday, the rates of gold and silver on the basis of purity were as follows: 24 carat gold (99.9% purity): ₹ 1,43,003 per 10 grams 22 carat gold (jewellery making): ₹1,30,990 per 10 grams 18 carat gold (Diamond Jewellery): ₹1,07,252 per 10 grams Silver (Silver Spot Rate): ₹2,28,850 per kilogram