Gold Rate Today, Sone Chandi ka Bhav Aaj Ka: Gold and silver prices saw a tremendous jump on Monday. Gold price was recorded by Rs 1,300 per 10 grams and silver by Rs 1300 per kg. Along with this, both Gold and Silver touched a new highest level ever.
Gold price at new height
This rise in gold prices has been seen for the fourth consecutive day. In the previous business session, gold closed at Rs 89,450 per 10 grams, which today reached Rs 90,750 per 10 grams with a gain of Rs 1,300. Gold with 99.5 per cent purity also rose by Rs 1,300 to the highest level of Rs 90,350 per 10 grams. Since the beginning of this year, gold prices have been registered by 14.31 percent so far. On January 1, the price of gold was Rs 79,390 per 10 grams, which has now reached Rs 90,750 per 10 grams.
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Silver price also at new height
Along with gold, there is a great rise in silver prices. On Monday, silver prices rose by Rs 1,300 to a new all -time high level of Rs 1,02,500 per kg. Silver closed at Rs 1,01,200 per kg in the last business session. For this boom, the strong trends of global markets and increasing interest in safe investment of investors are a big reason. According to HDFC Securities Senior Analyst (Commodities), Soumil Gandhi, “Many factors contribute to this record-silver rally of gold-silver, including central banks purchases and economic instability at global levels.”
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Impact of global markets
Gold prices have also seen a rise in international markets. Spot gold rose $ 14.48 to $ 2,998.90 an ounce. On Friday, it crossed the psychological level of $ 3,000 an ounce. At the same time, Comex Gold Futures were seen trading at $ 3,007 an ounce, which reached a record high level of $ 3,017.10 an ounce on Friday.
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What is expert’s opinion
Jatin Trivedi, VP Research Analyst (Commodity and Currency) of LKP Securities, said, “Gold prices on MCX reached a new height beyond Rs 88,000, which also got support from crossing the 3,000 $ 3,000 level of comex gold. This fast has been made due to tariffs on different countries, in which the focus of alcohol has also been made due to the tariffs on different countries. Due to these concerns related to these concerns, the market players are constantly being cautious, which is getting support for gold purchases. Is.”
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Future signs
Now investors are eyeing the US retail sales data and the Federal Open Market Committee (FOMC) meeting, which starts on Tuesday. In this meeting, future signs related to the Monetary Policy of the Federal Reserve can be signed, which can affect the prices of gold and silver. Apart from this, the change in geo-petitical tension and economic policies at the global level can also affect gold and silver. In the coming days, investors should monitor global economic indicators and policy -related decisions, which will determine the direction of gold and silver prices.
