Gold-Silver Rate Today: There was a big change in the price of gold and silver today, know today’s latest rates.

Gold-Silver Rate Today In India: Today once again a big change has been recorded in the prices of gold and silver in the Indian bullion market. Due to strong trends in the international market and weak US dollar, the demand for precious metals is increasing rapidly. Due to this increasing demand, a new movement is clearly visible among both buyers and investors in the retail market. Market experts say that this time can be very important for investment but steps should be taken thoughtfully.

There has been a huge increase of Rs 3000 in the prices of gold in the domestic market, due to which the concern of the customers has increased a bit. On the other hand, due to continuous increase in industrial demand, silver prices have also increased significantly. According to experts, the policies of the US Federal Reserve and geopolitical tensions are having a direct impact on the prices of these two metals. There has also been a significant positive improvement in global market sentiment due to President Donald Trump’s praise for the US-Iran talks.

latest gold price

Today, the price of 24 carat gold in the national capital Delhi has increased by Rs 3,000 to Rs 1,47,500 per 10 grams. The futures price of 24 carat gold on Multi Commodity Exchange (MCX) has fallen marginally by Rs 13 to Rs 1,47,365 per 10 grams. According to bullions, the rate of 24 carat gold is Rs 1,47,820 while the price of 22 carat gold has reached Rs 1,35,502 per 10 grams. Internationally, spot gold price is trading at $ 4,070.04 per ounce with a significant increase of 1 percent.

new price of silver

Like gold, the prices of silver have also increased by Rs 5,000 in Delhi to Rs 2,40,000 per 1 kg. On MCX, silver futures are trading very strongly at Rs 2,37,499 per 1 kg with an increase of Rs 89. According to the Indian Bullion and Jewelers Association, till the market closed, the price of silver was recorded at Rs 2,33,858 per 1 kg. In the global market, spot silver has increased by 1.3 percent to $ 59.89 an ounce, due to which there is a very positive environment in the market.

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Main reasons for market rise

According to HDFC Securities expert Soumil Gandhi, the soft stance of the Chairman of the US Federal Reserve has reduced the concern about increasing interest rates. Apart from this, the strengthening of Japanese Yen after the news of Bank of Japan’s intervention has also weakened the dollar a lot.

Sharekhan’s Praveen Singh explains that the weak dollar makes gold cheaper for buyers in other currencies, thereby increasing its global demand. Investors are now eagerly waiting for the US non-farm payroll report to accurately predict the further direction of the market.