Gold-Silver Price: Amidst the tension, gold flared up again, silver prices also took a huge flight

The direct impact of the ongoing turmoil in the global market and the deepening tension between America and Iran is visible on precious metals. The prices of gold and silver, which became the first choice of investors as safe haven, have once again started touching the sky. Two days ago, when the news of Donald Trump stopping ‘Operation Freedom’ came, the market was bullish, but on Friday morning the news of tension increasing again has changed the sentiment of the market. However, according to the current trend, the bullish trend continues on both COMEX and domestic market MCX.

Record breaking rise of gold and silver on Comex

A sharp rise in the price of gold was seen on the international market i.e. Comex on Friday morning and it reached the level of $ 4,721 per ounce. Not only gold, but silver has also shown tremendous growth. Silver prices have crossed the psychological level of $80 an ounce. Experts believe that as long as geopolitical instability continues, this rise in precious metals may continue.

What is the situation in the Indian market (MCX)?

There is an upward trend in gold prices in the domestic futures market (MCX) also. On Friday morning, gold jumped to the level of Rs 1,52,350 per 10 grams. At the same time, if we talk about silver, its shine has increased even more. Silver was seen trading at Rs 2,62,064 per kg on Friday morning. Market experts say that due to fluctuations in the global market, prices are not remaining stable even in the Indian market.

Latest gold prices according to carat

According to the latest rate list released by India Bullion and Jewelers Association (IBJA), the prices of gold of different purities were as follows:

• 24 karat gold: Rs 1,51,149 per 10 grams

• 23 carat gold: Rs 1,50,544 per 10 grams

• 22 carat gold: Rs 1,38,452 per 10 grams

• 18 karat gold: Rs 1,13,362 per 10 grams

Why are prices increasing? Understand the main reason

The biggest reason behind this rise in gold prices is the tension between America and Iran. Two days ago, Trump had offered a deal with Iran and had asked to stop the process of evacuating ships stuck in the Strait of Hormuz. But now the news of increasing tension again has alerted investors. Whenever there is uncertainty in the global market, investors consider it safe to invest money in gold instead of dollar or stock market, which increases its demand and price.

Gold price today in your city (per 10 grams)

Gold prices in major cities of the country on Friday are as follows: