Gold Rate At All-Time High: A huge jump has been seen in the price of gold today and the golden metal gold has come close to Rs 79,000. Today, breaking all its records, gold closed at Rs 78,900 per 10 grams. Due to continuous buying by jewelers, the price of gold in Delhi’s bullion market on Wednesday reached a new all-time high of Rs 78,900 per 10 grams and closed with a rise of Rs 250. In the last trading session, gold had closed at Rs 78,650 per 10 grams.
What is the rate of 24 carat gold?
24 carat gold of 99.5 percent purity jumped by Rs 250 to reach a new record level of Rs 78,500 per 10 grams. Its previous closing price was Rs 78,250 per 10 grams.
Increase of one thousand rupees in silver also
Silver has also jumped by Rs 1000 to Rs 93,500 per kg, whereas on Tuesday it had closed at Rs 92,500 per kg. In fact, due to fresh purchases by industrial units and silver coin makers, the shine of silver is also increasing.
Why are the prices of gold and silver increasing?
- The rise in gold prices is due to strong demand from local jewellers.
- After the fall in the stock markets, strong demand was seen in gold and it is being sold heavily due to which the prices are rising.
- Investors have turned to safe investment assets like gold and strong investments are being made in gold.
Know the gold rates of Multi Commodity Exchange also
In the futures trade of Multi Commodity Exchange (MCX), the contract of gold for December delivery has increased by Rs 268 or 0.35 percent to Rs 76,628 per 10 grams. Whereas if we look at the rate of silver, the price of silver contract for December delivery in the exchange has increased by Rs 580 to Rs 92,203 per kg. Gold prices remained high with the rise in MCX, while Comex gold was trading above $2675.
What are the prices of gold and silver in the international market?
If seen globally, Comex gold contract has increased by 0.51 percent to $ 2,692.50 an ounce. In the Asian market, silver has increased by 0.91 percent to $ 32.05 an ounce.
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