Gold out of pocket, know today’s price
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Gold-Silver Price Today: Before the start of the wedding season in India, a sharp rally is being seen in the prices of gold and silver. Gold and silver have once again created a bullish record. As soon as the Multi Commodity Exchange opened this morning, the price of gold and silver on MCX reached a new record. The price of ten grams of gold increased to Rs 72,678. Whereas, the price of one kg gold crossed Rs 84 thousand. However, the price of gold expiring on June 5 rose by Rs 827 to Rs 72,471 at 10 am and the price of gold expiring on August 5 rose by Rs 839 to Rs 72,725.
What is the price of gold and silver in your city?
Today the price of ten grams of 24 carat gold in Mumbai is Rs 72,230, equal to the prices of Kolkata and Hyderabad. The price of ten grams of 24 carat gold is Rs 72,380 in Delhi, Rs 72,230 in Bengaluru and Rs 73,370 in Chennai. At the same time, the price of ten grams of 22 carat gold in Mumbai is Rs 66,210, equal to Kolkata and Hyderabad. Whereas, the price of ten grams of 22 carat gold is Rs 66,360 in Delhi, Rs 66,210 in Bengaluru and Rs 67,260 in Chennai. On the other hand, today the price of one kg silver in Delhi, Mumbai and Kolkata is Rs 84,900. Whereas, the price of one kilogram of silver in Chennai is Rs 88,400.
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What is the reason for the rise in gold?
Amidst geo-political tension, gold is a safe investment for the whole world. Tension is increasing between Iran and Israel in the Middle East. The situation of war between Russia and Ukraine has also become serious. Russia has completely destroyed the largest energy plant in Ukraine. America’s inflation data has turned expectations of cheap interest rates into disappointment. Meanwhile, there was a strong rise in dollar and bond yields. There has been a sharp rise in the prices of gold and silver in the American market. Spot gold was up 0.6 percent at $2,386.38 an ounce at 0111 GMT. Earlier in the session, bullion had reached a record high of 2,389.29. Spot silver rose 0.7 percent to $28.66 an ounce, platinum rose 0.7 percent to $986.80 and palladium rose 0.6 percent to $1,052.61.
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