look news india
Rise in the price of gold: Along with the stock market, investors have also earned profits by investing in traditional investment mediums like gold and silver. Apart from the stock market, the record rise in gold and silver in the current calendar year has given investors double digit returns. Talking about the last one week, at the domestic level, gold has given a return of Rs. 2700 and silver has given a return of Rs. 4000.
According to the prices released by Ahmedabad Choksi Mahajan, the price of gold on last Monday was Rs. 73800 per 10 grams, which increased to Rs. 76500 per 10 grams on Saturday. Today the level of Rs. 76600 is likely to break the initial record level. Earlier on July 17, gold was at Rs. 100. An all-time high of 76700 was recorded.
Silver is silver for those who invest in silver
Notably, among precious metals, silver has seen a higher rise than gold. In the last one week, the price of silver has increased by Rs. 4000 per kg. Currently, the price of silver is being talked about at Rs. 86000-86500 per kg. In the current calendar year too, silver reached an all-time high of 93500 in July. At this price, year-old investors received a return of more than Rs. 15000.
gold and silver status today
On MCX, October gold futures opened 0.18% (Rs. 130) higher and was trading at Rs. 189 higher. Silver December futures opened with a correction of Rs. 828 and was trading at Rs. 1069 higher.
Dollar index, Treasury yields fell
Globally, the bullion market is booming due to the possibility of interest rate cut by the US Fed. Gold and silver prices are rising internationally. 52 percent believe that the Fed will cut interest rates by 0.5 percent, while 43 percent believe that there will be a cut of 0.25 percent. The US dollar index was trading at 100.94, down 0.17 percent. Treasury yields have also declined.