Gold Rate Today, Sone Chandi ka Bhav Aaj Ka: Gold prices have once again seen a tremendous rise. On Thursday, the price of gold in the capital Delhi rose by Rs 600 to an all -time high level of Rs 89,450 per 10 grams. This bounce has come due to strong signals in the global market. Earlier on Wednesday, gold closed at Rs 88,850 per 10 grams.
Global market condition
Gold prices have been strengthened in the global market, which has also affected it in the domestic market. Internationally, the spot gold rose at $ 11.67, or 0.40% to $ 2,946.44 an ounce. Soumil Gandhi, Senior Analyst (Commodities) of HDFC Securities, said, “Gold prices have reached a new record level in the domestic market, while in the international market, it is trading close to record high. Due to low expectation related to consumer price index in America, the interest rate has increased due to the interest rate, which has increased the possibility of interest rates, which has led to the interest rate.”
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Silver prices also intensified
Not only gold but silver prices have also increased strongly. On Thursday, silver prices rose by Rs 1,000 to the highest level of about 5 months to Rs 1,01,200 per kg. Earlier on Wednesday, silver closed at Rs 1,00,200 per kg. The main reason for this boom is the increasing demand for gold and silver as a safe investment in the international market.
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Futures market continues to rise
Gold prices have also seen an increase in the futures market. Gold contracts rose by Rs 210, or 0.24% for April delivery on the Multi Commodity Exchange (MCX), reached Rs 86,896 per 10 grams. Jatin Trivedi, VP (Research Analyst – Commodity and Currency) of LKP Securities, said, “Gold in Comex (Comex) recorded a 1.30% lead on a weekly basis, while it has grown 1% in MCX. Weak dollar and America’s retail inflation figures have remained soft due to expectation. Due to the discussions associated with it, there may be instability.
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What should investors do?
This is the time for investors to invest in vigilance in gold. The market is eyeing the new figures related to inflation rate and interest rates at the global level. The US producer Price Index (PPI) and weekly unemployment data will determine the front direction of gold. In such a situation, investors should take decisions related to investment very carefully.
