There has been a tremendous rise in the prices of silver this year. Silver has provided good income to investors. Meanwhile, apart from silver, the price of gold has also increased. Today i.e. Somwaler Kospot Gold reached its highest ever level of $4,383.73 per ounce. The reason for this was the cut in interest rates by the Federal Reserve last week and the expectation of further reduction in rates, continuous demand for safe investments and weakening of the dollar. Gold prices in the country also reached their all-time high today. According to India Bullion and Jewelers Association (IBJA), gold has increased by Rs 1,805 to Rs 1,33,584 per 10 grams. Earlier its price was Rs 1,31,779 per 10 grams.
Gold, which has always been considered a safe investment, has risen about 67% so far this year. The reasons for this are increasing tension in the world, trade disputes, continuous purchases by central banks and expectations of lower interest rates next year. At the same time, due to the weakening of the dollar, gold has become cheaper for foreign investors. Investors hope that America may cut interest rates twice in 2026. Due to this, the demand for gold without interest has increased further.
Gold price on MCX
While gold prices are at record levels in the spot market, there has been a rise in the futures market as well. The price of gold contract expiring on February 5, 2026 has increased by Rs 1,768 per 10 grams. On MCX, gold is trading today at Rs 1,35,964 per 10 grams with a rise of 1.32 percent.
Main reasons for rise in gold
The dollar has weakened due to falling interest rates in America, which has reduced the cost of holding gold and increased purchasing. Apart from this, due to Russia-Ukraine war and increasing tension in the world, investors are considering gold as the safest option. Also, countries like China are continuously buying gold for their central bank. It is estimated that more than 900 tonnes of gold is being purchased in a year, due to which the prices are continuously going up.