look news india
Gold is the most favorite metal of investors and women in India. Yes yes, so that investment in gold does not go waste, gold is creating new surfaces every day. Gold prices have made new record highs several times in the last few days. This series of records continued on Friday also, when gold prices reached the level of Rs 100 for the first time. Crossed the level of 72 thousand.
gold reached this height
As soon as the gold price opened on MCX in Friday's trading, it crossed Rs 72 thousand per 10 grams. Gold strengthened in the early session and was trading at Rs 72,678 per 10 grams. This is the first time in history that the price of gold has crossed the level of Rs 72 thousand.
silver is also shining
Along with gold, the shine of another major precious metal, silver, is also increasing. Silver on MCX crossed Rs 84 thousand per kg today. In the morning session, silver strengthened to Rs 84,102 per kg. This is the highest price of silver in more than 3 years.
Gold made record in foreign market also
Gold is also making strong records in the international market. International gold was up 0.6 percent at $2,386.38 an ounce in Friday trade, Reuters reported. The price had reached a high of $ 2,389.29 an ounce during early trading. On the other hand, US gold futures were trading 1.3 percent higher at $2,403.90 an ounce.
gold can reach this level
Earlier last week, gold had crossed Rs 70 thousand for the first time in the domestic market. Its prices have reached new highs several times in subsequent sessions. Global economic uncertainty and geopolitical tension are considered to be the main reasons behind the increase in gold prices. For this reason, BofA-ML has estimated that gold prices in the international market will cross the level of $3000.