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News India Live, Digital Desk: Gold Price: Gold prices in India have once again moved towards setting a new record. The price of gold on the Multi Commodity Exchange (MCX) has reached a record level of about Rs 75,000 per 10 grams, causing a stir among both investors and common customers. This fast is being seen not only in the domestic market but also internationally, where global uncertainty has made gold a safe investment.
On Tuesday, gold reached ₹ 74,909 per 10 grams in the futures market. In the last three days, the price of gold has recorded a jump of about ₹ 2,500 per 10 grams. This bounce has come due to global signals and market uncertainty. The ongoing movement in international markets, especially US inflation figures and the possibility of cutting interest rates by the Federal Reserve, have given gold a safe investment status. Geophysical stress and global economic uncertainty are also motivating investors to invest in ‘safe property’ like gold, which is constantly increasing its demand.
Along with gold, the brightness of silver has also intensified. Silver futures have now reached close to ₹ 97,000 per kg, indicating another significant growth. This indicates that investors’ trend in Precious Metals remains intact.
It is noteworthy that on June 7, gold was trading at a level of ₹ 72,000 per 10 grams, and now it has seen a jump of about ₹ 3,000 in just one month. This reflects the strong status of gold in the current financial environment and experts believe that in view of the current conditions, there may be further increase in gold and silver prices in the coming time, so that these investors will remain an attractive option in the portfolio.