Gold Price Today: Tremendous earthquake in gold and silver prices! After June’s recession, gold suddenly became expensive by ₹ 3000, silver also rose by ₹ 5000

New Delhi/Lucknow: The continuous decline in the prices of gold and silver for the last few days has now been completely stopped. Suddenly once again there is a bullish atmosphere in the bullion market. According to market experts, this big change is being seen after the recent statement of the new Chairman of the US Federal Reserve, Kevin Warsh. He has indicated that there is not going to be much increase in interest rates in America in the coming time. As soon as this statement came, investors in both global and domestic markets started betting on gold, due to which a huge jump in prices was recorded.

After the recession of June, the rise continued on Saturday also

A huge fall in gold prices was seen during the June quarter, due to which investors were disappointed. However, now the tables have turned and this trend of growth continued on Saturday also. On the international market COMEX Gold, gold has made a big jump of $ 61 per ounce and reached the level of $ 4,187 per ounce. Along with this, silver prices are also strengthening at the international level and trending at $ 62.81 per ounce. Due to this increase, during the trading session that closed on Friday evening, gold became costlier by ₹ 3000 per 10 grams and silver by ₹ 5000 per kg in the Indian domestic market.

January record and big ups and downs in June quarter

In the month of January this year in the domestic market, gold had touched its all-time high record of Rs 1.90 lakh per 10 grams. After this, there was a huge decline of more than 12 percent during the June quarter and the prices fell to Rs 1.39 lakh per 10 grams. Similarly, during this recession, a weakness of about 17 percent was seen in silver, due to which investors, getting upset, started withdrawing money from the market. But now the latest recovery on Multi Commodity Exchange (MCX) has changed the mood of the market again.

What was the closing rate of gold and silver on MCX?

On Friday evening, gold for August delivery closed at Rs 1,47,200 per 10 grams with a slight gain of Rs 35 on the Multi Commodity Exchange (MCX). However, it also touched a high of Rs 1,47,907 during the day’s trading session. Whereas, if we talk about silver for September delivery, there was a great rise in it and it closed at Rs 2,37,410 per kg. During trading, silver had touched a record high of Rs 2,38,876 per kg.

Latest price of 24 carat, 22 carat and 18 carat on IBJA

According to the official data released by India Bullion and Jewelers Association (IBJA), there was a sharp rise in the prices of gold and silver in the bullion market on Friday evening:

• 24 Karat Gold (Purity 99.9%): It rose by more than ₹3000 to reach Rs 1,46,344 per 10 grams.

• 22 Carat Gold (Purity 91.6%): Closed at Rs 1,34,051 per 10 grams.

• 18K Gold (Purity 75.0%): It remained at the level of Rs 1,09,758 per 10 grams.

  
  

  Apart from this, due to increase in industrial demand, one kg silver also closed strongly at Rs 2,33,858 per kg.