look news india
Gold price today: The precious metal rose due to the strong possibility of a cut in interest rates by the US Fed Reserve. As a result, the price of gold in Ahmedabad came back to Rs 100 after almost a month at the local level. 75000 was crossed. Globally, spot gold today reached a two-week high of $ 2379.50 an ounce.
Gold price in Ahmedabad spot market today was increased by Rs. 550 to Rs. 75150 per 10 grams. Earlier on May 23, gold in Ahmedabad was Rs. 200 per kg. 75000 per 10 grams. Silver today was increased by Rs. 250 to Rs. 91500 per kg. With the hope that the economic data released by the US this week will be positive, experts have expressed hope of a rate cut by the Fed in September.
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In precious metals futures trading, MCX Gold August futures opened at Rs 72,677 per 10 gram at the start of the session, touched a high of Rs 72,799 and a low of Rs 72,659 during the day, before rising by Rs 213 to Rs 72,799. In contrast, Gold-Guinea June contract rose by Rs 8 136 to Rs 58,742 per gram, and Gold-Petal June contract rose by Rs 20 to Rs 7,140 per gram. Gold-Mini July futures rose by Rs 213 to Rs 72,471 per 10 gram.
In silver futures, silver opened at Rs 91,252 per kg at the start of the July session, touched a high of Rs 91,615 and a low of Rs 91,251 during the day, and was trading lower by Rs 121 at Rs 91,544. Silver-mini June contract fell by Rs 143 to Rs 91,150 and silver-micro June contract fell by Rs 139 to Rs 91,155.
