Gold Price Hike: Amidst the ongoing ups and downs in the stock market, a record jump is being seen in the prices of gold. Gold is once again trading at a new record high. In Thursday’s trading session, gold reached its record high of Rs 58,826 per 10 grams on MCX. At present, gold is trading at Rs 58,700 per 10 grams with a gain of 1.29 per cent or Rs 748.
With the start of trading on Thursday, gold opened at Rs 58,826 per 10 grams, which is now trading at Rs 58,700. Like gold, the prices of silver also continue to rise. Silver is trading at an 11-month high of Rs 71,500 per kg.
There is a tremendous rise in the prices of gold in the domestic markets. Due to the boom in the international market and domestic demand, the price of gold has seen a jump of up to Rs 9000 per 10 grams in the last 4 months. year 2023 In the last one month, there has been a jump of Rs 4000 in the price of gold.
The rise in gold prices is being linked to the increase in interest rates by the US Central Bank Fed Reserve. The US Federal Reserve has increased interest rates in the US by a quarter of a percent to curb inflation. On the other hand, due to the relaxation given by the restrictions to Corona, a rise in the demand for gold can be seen, due to which the shine of gold can remain.
Due to the global political and economic situation, the rise in gold prices is expected to continue in the coming days. Due to the concern of recession, inflation and lack of demand for crypto assets, gold prices are also on the rise. Many experts believe that gold can touch the level of Rs 62,000 per 10 grams in the coming days.
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