In the last two days, gold prices have once again gained momentum. Gold prices are rising from the American market to the Indian markets. In the Multi Commodity Exchange, an increase of more than Rs 1500 has been seen in the prices of gold till 10 am on Monday and Tuesday. Whereas the price of silver has once again crossed Rs 91 thousand per kilogram. On the other hand, a rise in the price of gold is also being seen in the Comex market of New York. Once again the price of gold on Comex has crossed $ 2600 per ounce.
According to experts, the demand for gold has increased significantly at the local level in the country. The main reason for which is considered to be the wedding season. Apart from this, due to pressure in the dollar index in the international market, there is a rise in the price of gold. The effect of which is also being seen in the local markets of India. According to experts, the demand for dollar index and gold may go up and down in the coming days. Due to which fluctuations may be seen in the price of gold. Let us also tell you what the price of gold has become from Delhi to New York.
Increase in gold price
Gold prices are rising for the second consecutive day on the Multi Commodity Exchange. If we add the rise of Monday and Tuesday till now, gold has become more expensive by Rs 1500 till now. If we look at the data, gold prices are trading at Rs 75,374 with an increase of Rs 327 at 10:15 am. Whereas in this 75-minute trading session, gold also reached the day’s high of Rs 75,450. By the way, today at 9 am, gold opened with Rs 75,200. After the market closed a day ago, the price of gold was seen at Rs 75,047 per ten grams. On the last trading day of last week, the price of gold was Rs 73,946. In which till now an increase of up to Rs 1,504 has been seen.
Silver crosses Rs 91 thousand
On the other hand, the price of silver has crossed Rs 91 thousand on Multi Commodity Exchange. The special thing is that the price of silver has seen an increase of more than Rs 2600. On Tuesday, a rise of Rs 473 was seen in the price of silver on Multi Commodity Exchange at 10.20 am and the price was at Rs 90,986. Whereas during the trading session, the price of silver reached the day’s high of Rs 91,100. However, it opened in the morning with Rs 90,748. Whereas when the markets closed on Monday, the price was Rs 90,513. On the last trading day of last week, the price of gold was Rs 88,421. In which till now an increase of Rs 2,679 per kg has been seen.
Gold and silver shined in foreign markets also
On the other hand, a rise in the prices of gold and silver was also seen in foreign markets. According to the data, in the Comex market, gold future is trading at $ 2,627.30 per ounce with an increase of $ 12 per ounce. At the same time, the price of gold spot is trading at $ 2,623.32 per ounce with an increase of $ 11.49 per ounce. In Comex market, silver future is up by 0.66 percent at $ 31.43 per ons. At the same time, the price of silver spot is seen increasing by 0.58 percent at $ 31.35 per ounce.
Impact of fall in dollar index
The main reason for the fall in the price of gold in the international market is the fall in the dollar index. At present, the dollar index is trading at the level of 106.23 with a decline. Whereas during the trading session the index also reached the level of 106.12. On the other hand, demand for gold is being seen at the local level. The main reason for which is the wedding season. At the local level, gold prices have come down much below the record level, due to which investors are once again showing enthusiasm for gold. If experts are to be believed, there may be fluctuations in the price of gold in the coming days.
