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Rise in the price of gold, fall in silver; Before buying gold and silver on Janmashtami, definitely check the rate

The price of gold is rising today in the domestic futures market, despite the decline in the worldwide market. However, since this morning, silver has been under pressure, and its price has fallen below 57,000.

As of this morning, the futures price for 24-carat purity increased by 149 rupees to Rs 51,652 per 10 kilos at the Multi Commodity Exchange (MCX). Earlier, gold trading had begun publicly at a price of Rs 51,644, but due to a spike in demand, its price quickly rose to almost Rs 51,700. The price of gold has increased by 0.29 percent since it last closed.

Silver also showed a jump

This morning, silver prices are exhibiting a decline. The price of silver in futures contracts on the MCX has decreased by Rs 155 to Rs 56,760 per kilogram. Earlier, the silver trade had begun in earnest at a price of Rs 56,655, but as demand grew, shortly its prices reached Rs 56,700. The price of silver is currently down 0.27 percent from its previous closing level.

Prices also increased in the global market

Gold and silver prices are falling on the worldwide market today. The current price of gold in the US market was $ 1,7638.22 per ounce, down 0.10 percent from yesterday’s closing price. In a similar vein, silver’s spot price has dropped 0.75 percent from its previous closing price to $19.68 per ounce. Earlier in the day, gold and silver prices had been rising; however, they dropped by 573 and 1,300 rupees on Tuesday.

Gold Price Today: Gold prices increased for the second consecutive day, now the price of 10 grams has become so much

In the domestic market, gold prices have increased for the second day in a row today. On Thursday, the April futures gold on the Multi Commodity Exchange gained 0.14 percent. Silver, however, has lost its lead. In early trading, May futures silver has increased by 0.15 percent, but after that, it has decreased. Silver futures on MCX are currently down 0.12 percent.

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Gold rose 0.8 percent in the previous session, while silver gained nearly 0.9 percent. The yellow metal reached a high of Rs 55,600 earlier this month amid the Ukraine crisis.

On the global markets, gold was steady at $ 1,943.75 an ounce today. Meanwhile, oil prices have increased again following reports that US President Joe Biden and other European leaders imposed new sanctions against Russia. Silver rose 0.1 percent to $25.08 an ounce, while platinum declined 0.3 percent to $1,016.99.

Gold Silver Price on 24 March 2022

Gold futures prices rose by Rs 73 to Rs 51,840 per 10 grams on Thursday on the Multi Commodity Exchange. Meanwhile, May futures silver fell by Rs 81 to Rs 68,183 per kg.

In Brussels, Vice President Joe Biden will take part in meetings about the NATO-led coalition’s response to the conflict in Ukraine that began on February 24. A rise in crude oil prices and weak stock markets led to a slight rise in gold and silver prices. While the Russo-Ukrainian conflict continues, not much has changed from a market perspective. The US president met with leaders of NATO and the European Union on Thursday to discuss the Russian invasion of Ukraine.

As a result of the Ukraine war and ensuing sanctions, commodity prices and inflation have risen, resulting in rapid monetary tightening from some central banks. According to Bloomberg, gold-backed exchange-traded funds are holding their highest levels in more than a year. On Wednesday, SPDR Gold Trust stock rose 0.4% to 1,087.66 tonnes, its highest level since February 26, 2021.

Over the past 11 months, gold imports have increased

Gold imports are up 73 percent to $ 45.1 billion in the first 11 months of the current financial year. Gold imports have increased because of high demand. The imports of precious metals, however, dropped by 11.45 percent to $4.7 billion in February 2022. During the first 11 months of the current fiscal year, gold imports increased the country’s trade deficit. During the first 11 months of the fiscal year 2021-22, the trade deficit increased to $176 billion, up from $89 billion during the same period of the previous year.

Gold Price Today: Gold and silver prices have fallen, gold came below 50,000; Here is the latest price

Gold Price Today: Bullion prices fell on Wednesday following a record rally in the gold market on Tuesday. Gold and silver metals appeared in red marks on the exchange today. Even on the international market, gold fell below its record high of eight months. Investing sentiment is slightly upbeat on the prospects of easing Russia-Ukraine tensions. Due to tension, investors had increased the demand for gold, which led to gold reaching a record level of eight months on Tuesday. In the domestic market, gold was also down below Rs 50,000 on Wednesday.

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In the early hours of Wednesday, spot gold was around $ 1,850.91 an ounce on the international market. On the same day, the price of US Gold futures reached $1,852.40.

In the Indian market around 10:10 am on Wednesday, Gold Futures were trading at Rs 49,339 per 10 grams, a decline of Rs 46. The previous closing price was 49,385 and its average price was 49,350. At the same time, silver, which closed at Rs 62,989 per kg, was also down by Rs 19 marginally at Rs 62,970 per kg. Metal prices averaged Rs 62,957 on average.

At GoldPrice.org during this time period, gold was declining by 1.33%, and the metal traded at Rs 4,479 per gram. At the same time, silver dropped by 2.62% to Rs 56,426.35 per kg.

Gold price on the local market

On Tuesday, gold prices rose marginally by Rs 32 to Rs 49,619 per 10 grams at the Delhi bullion market due to a ‘correction’ of global prices and a correction of the rupee. The price of silver fell by Rs 440 to Rs 63,474 per kg. The spot price of 24-carat gold in Delhi increased by Rs 32, according to HDFC Securities Senior Analyst (Commodities) Tapan Patel. Gold’s gains here were limited by the fall in global gold prices.

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