Gold price made a record of rise, know when it will become cheaper

gold price: The rising trend in gold prices continues. With the beginning of the financial year 2024-25, a record rally is being seen in the price of gold. Even today gold has reached a new record high. After reaching lifetime high, the price of gold has reached close to Rs 70 thousand. This morning, the price of ten grams of gold to be delivered on April 5 on MCX has increased by Rs 533 to Rs 69,683. The price of gold delivered in June has increased by Rs 487 to Rs 69,415. Experts say that considering the global economic scenario, there will be no reduction in the prices of gold and silver. Besides, the impact of bond yield is also being seen on gold prices in the American market.

Gold futures prices rise due to strong spot demand

On Tuesday, the price of gold rose by Rs 337 to Rs 68,668 per 10 grams in futures trade due to buying of fresh deals by speculators amid strong spot demand. In the Multi Commodity Exchange, the price of the contract for supply in the month of June increased by Rs 337, or 0.49 percent, to Rs 68,668 per 10 grams. 23,606 lots were traded in this. Market analysts said that gold futures prices rose due to buying of fresh deals by traders. Globally, gold rose by 0.78 percent to $ 2,274.60 an ounce in New York.

Also Read: Tata Group’s Vistara airline’s troubles increase, 15 pilots resign

Even a day before, gold had made a record

Let us tell you that earlier on Monday and Tuesday also the price of gold had made a rising record. Yesterday on MCX, the price of gold to be delivered on April 5 increased by 0.45 percent i.e. Rs 305 per ten grams to Rs 68,594. Whereas, the price of ten grams of gold to be delivered on June 5 has increased by 0.67 percent i.e. Rs 456 and has reached Rs 68,787.

silver also shines

Along with gold, silver prices are also witnessing a rising trend. The price of silver on MCX has increased by one percent. The price of silver maturing in May has increased by Rs 926 to Rs 77,962 per kg.

Leave a Comment