Gold Silver Record high: Gold and silver prices have reached an all-time high and on MCX, gold has shown a rise of Rs 450 to Rs 78170 per 10 grams and this is its highest level on MCX. A spectacular rise is also being seen in silver and this rise of Rs 2800 has come as soon as the commodity market opened. Silver on MCX has reached a record high with a rise of Rs 2800.
Continuous rise in gold and continuation of all-time high
Great records are being made continuously in gold and it is reaching new higher levels every day. Apparently, the prices of gold and silver were likely to go up today because on Friday gold had closed at an all-time high. The general public may need to think twice before purchasing gold and silver during the festive season because the rates of these precious metals have skyrocketed. Gold is getting the benefit of continuously increasing demand and along with it, international gold-silver rates are also reaching new heights.
Gold returns are huge and are likely to reach Rs 85,000 in the future.
If we look at the one year level of golden rate, gold has given a return of 29 percent. This year, till October 15, 2024, its investors have got a return of 21 percent in gold.
Great height of gold and silver in international market also
Today, the gold rate on COMEX is seen rising by $16.85 to $2747 per ounce. Whereas the shiny metal silver has increased by 3.12 percent to the rate of $ 34.247 per barrel.
Trend of huge purchase of gold on Dhanteras-Diwali-Bhai Dooj
Everyone’s eyes are on what the trend will be for gold buying this year on the Diwali festival starting from 29th October and what the buying will be like on Dhanteras on 29th October. A lot of this can be indicated from the current prices of gold. Obviously, gold, which is considered a safe asset, is not just providing security, it is also one of the best return products.
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