Gold And Silver Price Update: In the three trading days of December, a jump of about Rs 1,300 per ten grams has been seen in the price of gold. While the price of silver has seen an increase of more than Rs 3,900 per kg.
Gold and silver prices rise
Gold Price Today : The wedding season has started and the price of gold and silver in the country (Gold And Silver Prive Today) I am seeing tremendous growth. Gold price in three trading days of December (Gold Rate Today) I have seen a jump of about Rs 1,300 per ten grams. while the price of silver (Silver Rate Today) There has been an increase of more than Rs 3,900 per kg. Three important reasons are being given for this increase. Easing of Kovid restrictions in China, reducing the pace of increase in interest rates and the last reason is the fall in the dollar index.
gold and silver prices in foreign markets
In foreign markets too, gold is trading with a speed of around $12. Gold futures in Comex are trading at $ 1,821.50 per ounce with a gain of about $ 12. The price of gold spot has increased by about $ 11 per ounce, after which the price is at $ 1,808.55 per ounce. On the other hand, talking about silver, silver futures are seeing a gain of 1.27 percent and the price is trading at $ 23.55 an ounce, while silver spot is trading at $ 23.28 an ounce after a gain of 0.62 percent.
gold at 8 months high in indian futures market
In the Indian futures market, gold is trading at a monthly high of 8 months. At present, gold is trading at Rs 54,210 per ten grams on MCX at 10:22 am with a gain of Rs 360 per 10 grams. Which is also the high of the day. By the way, after April 17, gold has reached a high of about 8 months. Whereas today gold opened at Rs 53,949. On the other hand, gold had closed at Rs 53,850 on Friday.
Silver at 7 months high in futures market
On the other hand, the price of silver has also reached the high of about 7 months. According to the data, silver is up by Rs 729 per kg at Rs 67,178 per kg on the Indian futures market MCX at 10.25 am. This level of silver has been seen after May 1. By the way, today silver opened at Rs 67,022 and reached a high of Rs 67,380. Silver had closed at Rs 66,449 on Friday.
Gold costlier around Rs 1300 and Rs 3900 in December
The month of December is looking much better for gold and silver investors. In three trading days, there has been an increase in the price of gold by about Rs 1300 per ten grams. When the market closed on November 30, gold was at Rs 52,931 and since then gold has increased by Rs 1,285 per ten grams. At the same time, there has been a significant increase in the price of silver. The closing price of silver on November 30 was Rs 63,461 per kg. Since then, a rise of Rs 3,919 has been seen in the price of gold.
Why are gold prices rising?
Giving information, IIFL Vice President Anuj Gupta said that Kovid restrictions have been relaxed in China, due to which there has been an increase in the demand for gold. Second, there has been a decline in the dollar index, due to which investors have started investing in precious metals. Apart from this, it has been made clear by the Fed that now the pace of policy rates will be reduced. In such a situation, investors have got a lot of relief and gold is seen getting support. He said gold can cross the level of 56,200 in the coming two weeks. After which gold will reach life time high.
Source: www.tv9hindi.com”