2024-05-13 07:55:59
New Delhi: The prices of gold and silver are currently rising. There was a rise before Akshaya Tritiya. Even on the day of Akshaya Tritiya, gold and silver opened with a rise. Gold and silver had become expensive. During this period, the price of gold had gone above Rs 71 thousand. However, before this there was a significant fall in gold. The prices of silver also decreased. On MCX exchange last Friday, gold for delivery on June 5, 2024 was trading at Rs 72,165 per 10 grams with a rise of Rs 526 in the morning. There was a rise in gold since morning. Gold for delivery on August 5, 2024 was trading at Rs 72,320 per 10 grams with a gain of Rs 573. Whereas gold for delivery on October 4, 2024 was trading at Rs 72,587 with a rise of Rs 789.Rain of offers on Akshaya Tritiya! 50% discount on making charges, 35% discount is available on diamond jewellery.
rise in silver also
On Friday morning, silver for delivery on July 5, 2024 was trading up by Rs 585 at Rs 85,085 per kg on MCX exchange. Whereas silver for delivery on September 5, 2024 was trading at Rs 86,545 with an increase of Rs 602. Silver also closed with a rise. Meanwhile, the global price of silver has increased. The futures price of silver on Comex is up by 0.81 percent or $ 0.23 at $ 28.60 an ounce. At the same time, the global spot price of silver is at $ 28.37 per ounce.
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How will the prices of gold remain?
According to experts, the upward trend in gold prices will continue for now. Because the Reserve Bank of America is going to reduce the interest rate which will weaken the dollar. This will increase attraction towards gold. At the same time, gold is a part of foreign exchange reserves and the currency has been fluctuating for the last few years due to global geopolitical situations. In such a situation, to save the value of their currency, central banks of different countries are purchasing gold.
In February this year, $93 million was invested in gold ETFs in India, which is the highest in the last six months. The demand for gold is also continuously increasing in China. The highest consumption of gold in the world is in China followed by India. Despite the limited supply of gold, its price is continuously strengthening.