gold price
The price of gold has fallen today. Amidst the increasing tension between Iran and America, gold prices are continuously fluctuating. The impact of PM Modi’s appeal not to buy gold is also being seen in the market. On Multi Commodity Exchange (MCX), the future price of 24 carat gold fell by Rs 580 or 0.38% to reach Rs 1,51,944 per 10 grams. Earlier in the last trading session, it had closed at Rs 1,52,530 per 10 grams.
Due to increasing tension in West Asia and profit booking by investors, there was a slight decline in gold prices in the local bullion market on Friday. However, due to strong demand in the futures market and buying by traders, gold prices rose. According to All India Bullion Association, the price of 99.9% purity (24 carat) gold in Delhi fell by Rs 100 to Rs 1,55,900 per 10 grams.
Earlier on Thursday, its rate was Rs 1,56,000 per 10 grams. At the same time, gold with 99.5% purity also became cheaper by Rs 100 to Rs 1,55,100 per 10 grams, which had closed at Rs 1,55,200 per 10 grams on the previous trading day. Talking about the global market, spot gold rose 0.7% to $ 4,721 an ounce.
What was the price on MCX
Due to strong spot demand and fresh purchases by traders, there was a strong rise in gold prices in the future market on Friday. On Multi Commodity Exchange (MCX), the price of gold contract for August delivery increased by Rs 689 or 0.45% to Rs 1,52,950 per 10 grams. There was a rise in gold prices in the international market also.
what is the price of silver
On one hand, a slight decline is being seen in the prices of gold. On the other hand, there is a slight increase in the price of silver. Till the time of writing the news, the price of silver expiring on July 3, 2026 has increased by more than Rs 400. Silver was trading at Rs 262200 per kg at 10.45.
Also read- How important is gold for the Indian economy, India imports so much.
