The price of gold in the state crossed Rs 45,000 again yesterday. Yesterday, the price of one Pawan gold rose to Rs 45,240. Gold prices rose as the US dollar index fell to a 10-week low. Gold futures contract for December 2023 on the Multi Commodity Exchange was at Rs 60,224 per 10 grams. The previous day spot gold price was 1,965 dollars per ounce. From this rate there is a jump. The fall in the US dollar against major global currencies led to the rise in gold prices.
The reason for the decline in gold prices in the past few days is the easing of tensions in West Asia and the strengthening of the dollar. The price of gold fluctuates more and less in November.
At one point last month, the price of gold in the international market was above 2,000 dollars, but later the price fell. The dollar index neared the 104 level as core inflation eased in October, according to the US Consumer Price Index. The Federal Reserve is likely to raise interest rates. This can also affect the price of gold.
A slight decrease in silver prices. Silver is priced at Rs 79 per gram. 632 rupees for eight grams of silver and 79,000 rupees per kilogram. Yesterday it was Rs 79.50 for one gram of silver and Rs 636 for eight grams of silver. The price was Rs 79,500 per kg.