gold price today
Gold-Silver Price Today: In today’s time, gold and silver are considered to be the most reliable and safe investments among investors. On Wednesday, gold prices reached a new record on the Multi Commodity Exchange of India (MCX). The price of 10 grams of gold has crossed Rs 1,27,000 and has touched its highest level till date. This rise has come due to increasing trade tensions between the US and China as well as the expectation of the US Federal Reserve cutting interest rates.
At the beginning of morning trading, the price of gold was ₹ 1,26,915 per 10 grams, which was about half a percent more than the previous closing price. Gold achieved a new record level of up to ₹ 1,27,500 during the day, which is very encouraging news for investors. Along with this, the prices of silver are also not low. The price of silver on MCX started from ₹ 1,59,800 per kg and reached ₹ 1,61,418 during the day.
Gold and silver became the first choice of investors
Experts believe that gold and silver are the first choice of investors these days amid economic and geopolitical instabilities. There has been a tremendous increase of about 55% in gold prices so far this year, which is considered a very good performance even in comparison to the last several years. Talking about the last 20 years, in 2005 the price of gold was around ₹ 7,638 per 10 grams, which has now reached above ₹ 1,00,000. During this period, gold has given positive returns in 16 years, which makes it a reliable investment option.
Speed of silver between 2005 and 2025
Chandi has also attracted everyone’s attention with her strong performance. For the last few months, its price has remained near or above ₹ 1 lakh per kg. Between 2005 and 2025, silver has shown a tremendous growth of about 668 percent, which also makes it attractive for investors.