Gold Price Today
Gold-Silver Price Today: As soon as the festive season starts, the movement in the markets has intensified. Meanwhile, on the first day of Navratri, there is a huge rise in the prices of gold and silver. Although people are expected to relieve some relief from the new GST rates implemented by the government, the prices of gold and silver are currently falling on the pocket.
Gold expensive by Rs 700, silver gains over 2200
Today, on the multi -commodity exchange (MCX), the delivery gold of October 3 rose by Rs 695 to Rs 1,10,542 per 10 grams. Earlier, it closed at Rs 1,09,847 in the last trading session and opened at Rs 1,10,402 this morning. During the business, gold went up to Rs 1,10,202 and went up to Rs 1,10,608.
Talking about silver, it saw even more fast. Today the price of silver rose by Rs 2,226 to Rs 1,32,064 per kg. The previous session closed at Rs 1,29,838 and today it opened at Rs 1,30,658. During the trading, silver went up to the upper level of Rs 1,32,311.
Know what are the price of gold in your city (10 grams of price)
What is the reason for this fast?
Investors are turning to gold as a safe investment option due to increasing geopolitical tension around the world and uncertainty about inflation figures in the US.
Along with this, the demand for gold in China is also increasing continuously. Not only this, many central banks of the world are shopping for large quantities of gold, due to which its prices are going up rapidly. According to reports, since the beginning of the year, gold prices have increased by more than 40%.
What to do customers?
If you are thinking of shopping for jewelry in the festive season, then you should keep in mind the current boom of gold and silver. However, demand is likely to increase in the festive season, which may lead to further prices. Experts recommend that if you want to buy gold, then keep an eye on the current prices and shop at the right time.