look news india
Gold prices today: Gold prices have increased amid the rise in the US dollar index. In the morning trading session on Monday, gold price on MCX was Rs. After opening Rs 72214 per 10 grams. ₹72362 per 10 grams. Spot gold was trading at $2360 an ounce.
The reason behind the increase in gold prices is the increasing tension between Iran and Israel. Investors have turned to the precious metal due to the geopolitical crisis. An increase of 15 to 20 percent has been recorded in the prices of gold, commodity experts are predicting the possibility of further upward trend. For gold Rs. The rise will continue till the support level is maintained at Rs 70000 per 10 grams.
The US dollar index has reached the level of 106. The dollar has reached a 34-year high against the Japanese yen. Tension is continuously increasing in the Middle East. Iran has attacked Israel with more than 300 drones and missiles. However, most of the missiles and drones were shot down by Israeli, US joint military forces before they could reach the target location.
17 percent rise in gold in last one and a half month
In the last one and a half month, gold has been priced at Rs. 17 percent increase to Rs 62,200 per 10 grams. 72800 per 10 grams. Due to the current geopolitical crisis, experts are predicting a growth of 10 to 15 percent in the future. Near term Rs. With support of Rs 70200. It is expected to reach the level of Rs 73700-75200 per 10 grams.
Rupee falls by 6 paise
Today the rupee was trading 6 paise down at 83.44 against the US dollar. The rupee fell against the dollar due to a recovery in stock markets and selling by foreign investors as well as rising tensions in the Middle East. Rupee opened at 83.46 against dollar today.