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 the American Central Bank Kevin Warsh is the new chairman of the Federal Reserve. There is a recent statement from.

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 impact of signs of softening of the US Federal Reserve’s stance was clearly visible on the international commodity market on Friday:

• Gold Price (COMEX Gold): Gold on global market Comex on Friday morning Huge jump of $ 57 an ounce It reached the level of $ 4,182 per ounce.

• Silver Price (COMEX Silver): Along with gold, silver prices also rose by more than a dollar and became stronger. $62.425 per ounce But it was seen trending.

Fluctuations in domestic market: Gold has fallen by more than 12% from January’s high

Despite the rise on Friday globally, 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 touched a record high in the beginning of this year i.e. in January, will fall in the June quarter. more than 12 percent Is broken. During this period, silver also Huge decline of 17 percent Has come. 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 price on MCX

The closing of the trading session on Multi Commodity Exchange (MCX) on Thursday evening was as follows:

• Gold Future: Gold for upcoming August delivery fell marginally on Thursday evening. Rs 1,45,758 per 10 grams But it closed. However, during intraday trading it also touched a high of Rs 1,46,666.

• Silver Future: Silver for September delivery falls marginally 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 increased by Rs 2,487. Rs 2,33,413 per kg But it closed.

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 karat gold (99.9% purity): ₹1,43,003 per 10 grams

• 22 carat gold (jewellery making): ₹1,30,990 per 10 grams

• 18K Gold (Diamond Jewellery): ₹1,07,252 per 10 grams

• Silver Spot Rate: ₹2,28,850 per kg