look news india
gold rate today in india : Gold and silver buying has increased due to the weakening of the US dollar and the release of US job data as expected. Gold prices are slowly rising again at the local level. Today the price of gold had increased by Rs. 700. In the last one week, gold prices in Ahmedabad have increased by Rs. 600.
Yesterday in Ahmedabad, gold was increased by Rs. 200 to Rs. 74800 per 10 grams. Which was Rs. 74200 per 10 grams last Friday. Silver also broke the level of 90000 and returned to Rs. 90000. 91000 per kg is being quoted. Today the price of gold is expected to cross 75000.
MCX Gold (5 August futures) Rs. 170 increased. MCX Silver Rs. 72537 per 10 grams. 527 increased. 92419 increased. Due to global markets, gold prices are bound to increase at the local level as well. Now the season of weddings and festivals is about to start again. Due to which the purchase of gold and silver will increase, so commodity experts are indicating a rise in prices.
Gold rose globally for the second consecutive week
Globally, gold has come out of consolidation mode with strong US data and reports that the Fed will start cutting interest rates from September. The trade is in a positive direction for the second consecutive week. Commodity experts are predicting increased buying of precious metals after positive US job data.
Rupee strengthened by 5 paise against dollar
In the forex market today, the rupee is trading 5 paise stronger at 83.45 against the dollar in the morning session. The rupee has seen improvement due to increased foreign investment and weakening of the dollar. The rupee is trading in the upward direction after opening at 83.48 against the dollar today. It closed at 83.50 yesterday. The dollar index fell to 104.98. Which later became 105.