US Fed Chairman Jerome Powell kept the Fed Reserve rate on hold temporarily. Gold prices rose to a one-month high on the multi-commodity exchange today. In December 2023, the price of gold at MCCS rose from Rs 60,401 per 10 gram to a high of Rs 60,615. In the international market, sport gold prices are at $1,976 per ounce.
Global economic growth, political crises and the strength of the dollar against other currencies will affect the price of gold. Even if the demand for gold is not strong, the price will fall. Gold prices in Indian cities may vary depending on factors like state taxes and other charges. The price of gold is now at its highest rate in recent times.
The reason for the rise in gold prices is the Israeli-Palestinian conflict. . If more people turn to gold as a safe-haven investment in times of crisis, the price of gold may rise again. Gold bullion was also in high demand.
Increase in silver price. Silver is priced at Rs 78 per gram. 624 rupees for eight grams and 780 rupees for 10 grams. 78,000 per kg. Yesterday, the price was Rs 77,000 per kg