Gold-Silver Rate: Shock to buyers due to huge jump in gold and silver prices! Know the latest prices of your city

Gold-Silver Rate Today In India: Today, there is a big stir in the market regarding the prices of gold and silver. A huge rise has been recorded on MCX amid positive signals in the global market. This unexpected rise in the rates of gold and silver during the wedding season has shocked everyone. The weak dollar and falling prices of crude oil in the international market have given a huge boost to this surge.

At present, the commodity market environment is changing rapidly and new opportunities are available for investors. The hope of a possible peace agreement between America and Iran has also brought positivity back into the market. Experts believe that this fluctuation may continue in the global market in the coming times. Therefore, it is very important for every gold buyer to understand today’s latest price and market situation.

Latest price of gold and silver on MCX

MCX Gold today jumped to a new level of Rs 1,51,740 per 10 grams. This is almost Rs 2,000 more than the previous closing price of Rs 1,49,838 per 10 grams, which is an increase of 1 percent. Whereas MCX Silver is at Rs 2,50,724 per 1 kg, which is Rs 6,300 more than the previous Rs 2,44,420.

Gold price in major cities

Current status of gold in the market

Crude oil prices in the international market have fallen by 2 percent and are below $110. The dollar index has also weakened by 0.20 percent, making gold cheaper for investors in foreign currencies. A possible peace deal with Iran has eased inflation concerns, leading to strong demand for gold.

After the attack on Iran in February, domestic spot gold prices had fallen by a huge 7 percent. But now with clear signs of easing tensions in the Middle East, the market is regaining stability. The fear of inflation that had arisen due to high energy prices is also gradually decreasing.

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Important advice from experts

According to experts, it is important to keep a constant eye on the important talks taking place between America and Iran. If there is an agreement between the two countries, oil prices may fall further, which will put pressure on gold. Investors should seriously consider buying only at fixed support levels so that risk can be completely avoided.