Gold prices
Due to the American shutdown, Gold and Silver once again got a chance to get into the mood and both the markets reached the new record level within a few minutes of opening. In the futures market of the country, where gold prices saw a rise of more than Rs 1,350. On the other hand, silver prices saw an increase of more than 2,000 rupees. According to experts, there has been panic among investors due to American shutdown. Because of which investment is going towards Safe Havan Assets.
Gold prices have also come to the record level in foreign markets. Gold prices in New York’s futures market are crossing $ 3950 per onos. Which is expected to cross $ 4000. Gold future prices in New York’s futures market have increased by more than 49 percent in the last one year. Whereas in the current year, the price has seen an increase of about 50 percent. Let us also tell you what kind of increase in gold prices from Delhi to New York.
Gold prices at record level
Gold prices are seeing a tremendous increase on the country’s futures market Multi Commodity Exchange. The price of gold rose by Rs 1377 to Rs 1,19,490 at Rs 1,19,490 at 9.25 am. Whereas during the business session, the price of gold increased by Rs 1,398 to a record level at Rs 1,19,511. By the way, the price of gold was opened at Rs 1,18,900. The price of gold closed at Rs 1,18,113 on the last trading day of the past. In the month of October, the price of gold has been increased by about two percent i.e. Rs 2,246.
Silver speed also rise
Even though silver prices in Delhi’s spot market have crossed the level of Rs 1.50 lakh, but silver is still waiting to reach this level in the futures market. Which may end soon. On Monday, there is a good rise in silver prices. Silver is trading at Rs 1,47,424 with Rs 1680 at 9.25 am. Whereas during the business session, silver prices rose by Rs 1,956 to Rs 1,47,700 per kg reached the record level. If we talk about October, then the price of silver has been seen by 3.90 percent i.e. Rs 5,555.
Record made in foreign markets also
Gold and Silver have also made a new record in foreign markets. The Gold Future of the Comex Bazaar in New York has reached the record level. If we look at the data, it is trading at $ 3,957.90 with a gain of $ 1.25 per cent i.e. $ 50, which is a new record. On the other hand, the prices of gold spots are trading up a rise of more than $ 44.41 per on. Due to which the price of gold is at $ 3,930.95. In the current year, the prices of gold future have seen a rise of about 50 percent.
On the other hand, silver prices are also seeing a good rise. The Silver Future currently rose by 0.84 per cent to $ 48.37 per onon, which is expected to reach $ 50 per onon soon. On the other hand, the prices of silver spots are getting a rise of 1.20 percent and prices have come to $ 48.5806 per onon.
Will gold and silver make new records in Delhi?
Now the biggest question is whether gold and silver will make a new record in the country’s capital Delhi. This question is important because both gold and silver are being increased in the spot market of New York. In such a situation, speculations are being made that there may be a good rise in the prices of gold and silver in Delhi. By the way, on Friday, the price of gold in the Delhi Bullion Market saw a decline of Rs 500 and the prices had come to Rs 1,20,600 per ten grams. The price of silver was also reduced by Rs 500 to Rs 1.50 lakh. By Monday evening, both gold and silver in Delhi can reach new record levels.