2024-09-24 19:07:11
New Delhi: The upward trend in the price of gold continues. In the international market, gold reached a record high of $2,660 per ounce on Monday. This year, the price of gold has so far risen by 28 percent and it is moving towards the best annual return in 45 years. If gold remains at this level till December 31, then it will be its best return since 2010. If the price of gold increases at this pace, then it will be the best annual return of gold since 1979. 45 years ago, gold gave a return of 126% in a year. Why is the price of gold increasing and how far will the rate go… Gold is trading rapidly on MCX. Gold for October delivery closed at Rs 74,295 per 10 grams in the last session and opened at Rs 74,353 today. In the morning session, it reached a high of Rs 74,637 and a low of Rs 74,350. At 12 noon, it was trading at Rs 74,447 with a gain of Rs 152. Similarly, silver for December delivery is also trading at Rs 89,338 per kg with a gain of Rs 107. On Monday, the price of gold in the bullion market of the national capital rose by Rs 600 to Rs 76,950 per 10 grams.
Gold Price Today: Gold reached record high at international level, what is the status of gold in our country
how far will the price go
After the US Fed cut interest rates by 50 bps, the price of gold has risen by Rs 1,200 per 10 grams while the price of silver has risen by Rs 1,700 per kg. The price of gold is rising due to increasing geopolitical tensions around the world. Experts say that the price of gold is expected to continue rising in the coming days. By the end of the year, its rate can go up to Rs 84,000 per 10 grams.