Gold-Silver Price Today: Gold prices have seen a record jump in history so far, this is the reason
New Delhi. The price of gold in India has indirectly increased after the US Federal Banks cut interest rates by 50 basis points. This price is now at the highest level in history. Earlier this year on July 23, when Finance Minister Nirmala Sitharaman announced a nine percent cut in import duty, gold prices fell from Rs 72,500 to Rs 69,300 per 10 grams.
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Dr. Sanjeev Aggarwal, President, United Jewelers and Manufacturers Federation said that the purchase of gold also increased due to geopolitical tensions and US Fed cuts rates. Investors are also buying gold.
Indian Bullion Trade Corporation Director Ashutosh Agarwal said that the war between Israel and Hezbollah has increased the flow of safe investment in gold. At the time of market closing on Tuesday evening, gold reached its highest ever level of Rs 77,200 per ten grams. Tanmay Agarwal, director of Raghunandan Jewelers, said that now gold will remain expensive from Navratri to Panch Mahotsav.
Gold prices in major Indian cities Take a look at gold prices in various cities across India on September 25:
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