Gold Silver Price Today Gold rally likely to continue as Fed hikes 25 bps. This has put the dollar index under pressure. Experts believe that gold may soon go towards its record high.
Gold Price Today: Gold rate is increasing once again due to strong spot demand. Traders created fresh positions, due to which gold rose by Rs 312 to Rs 61,277 per 10 grams in futures trade on Thursday. At the Multi Commodity Exchange, gold contracts for delivery in June rose by Rs 312, or 0.51 per cent, to Rs 61,277 per 10 grams in a business turnover of 15,580 lots.
Analysts said fresh buying by traders mainly influenced the rise in gold prices. Globally, gold rose 0.47 per cent to USD 2,046.60 an ounce in New York.
Silver futures up on spot demand
Traders widened their holdings due to strong demand in the spot market, due to which silver prices rose by Rs 510 to Rs 77,092 per kg in futures trade on Thursday. On the Multi Commodity Exchange, silver for delivery in July rose by Rs 510, or 0.67 per cent, to Rs 77,092 per kg, with a business turnover of 19,885 lots.
Analysts attributed the rise in silver prices to fresh buying by traders amid positive domestic trend. Globally, silver traded higher by 0.87 per cent at USD 25.91 an ounce in New York.
How is the price of gold today
Gold opened higher in morning deals on the Multi Commodity Exchange (MCX) today and hit a new high of Rs 61,490 per 10 grams within an hour of opening of the commodity market today. Gold prices are rising after the US Fed announced a rate hike of 25 bps on Wednesday.
After the US Fed meeting, the price of gold in the international spot market reached a new peak of $ 2081.80 an ounce. Gold prices are rising due to weakness in US dollar following US Fed rate hike. Even though there is a 25 bps rate hike by the US Fed, it has put the US dollar under pressure and the dollar index has hit a one-month low.
What is the rate of gold today
Today Gold Silver Rates: According to Good Returns, till the time of writing the news, the prices of gold in the bullion market are as follows-
- 10 grams of 24 carat gold in Delhi is Rs 62,330.
- In Jaipur, 10 grams of 24 carat gold is being sold for Rs.62,330.
- Gold price in Patna is Rs.62,230 for 10 grams of 24K.
- Gold price in Kolkata is Rs.62,180 for 10 grams of 24K.
- In Mumbai, 10 grams of 24 carat gold is being sold at 62,180.
- 62,230 for 10 grams of 24K gold in Bangalore.
- 24 carat 10 grams gold price in Hyderabad is Rs 62,180.
- Gold price in Chandigarh is Rs.62,330.
- 24 carat 10 grams gold rate in Lucknow is Rs.62,330.
