Gold Price: Gold prices have risen sharply. Gold prices have reached new heights internationally. US central bank Federal Reserve has indicated that further interest rates may be cut. Due to this, the dollar sentiment and the US Treasury Yield went down.
Gold prices at international level were $ 1380 per ounce These prices are at the highest level in 5 years. Earlier, gold prices touched $ 1383.8 in March 2014. At the same time, silver prices rose to $ 15.26 an ounce. Ajay Kedia, director of the Kedia Commodity, gave gold prices at MCX today at 33850 to 33,980 per 10 grams.
The Federal Reserve has indicated that interest rates may be cut from next month. Today, gold prices on MCX rose by Rs. 720 to Rs. 33,799 per 10 grams. On the other hand, silver rose by Rs 577 to Rs 37881 per kg.
According to Manoj Jain, director of India investment, now the price of gold can touch the level of $ 1400 soon. According to Angel Broking, deputy VP Anuj Gupta, the price of gold at international level could go up from $ 1420 to $ 1440.
Ravi Singh, head of research at Karvy Stock Broking, told that a rocket attack in South Iran is likely to increase tension in the US and Iran. According to him, the dollar index has reached the lowest level of the week. The 10-year US Treasury yield is also the lowest level in 2 years.
Today, gold prices rose by Rs 280 to Rs 34000 at the Sarafa Bazar market in Delhi. Silver also rose by Rs 710 to Rs 3,9060 per kg.
In the Sovereign of Delhi, gold rose 99.9 percent and 99.5 percent purity by Rs 280-280 to Rs 34,020 and Rs 33,850 per ten grams. Guinness of 8 grams remained steady at Rs 26,800.
In a similar fashion, silver ready recovered by Rs 710 to Rs 39,060 per kg and weekly-based delivery by Rs 742 to Rs 38,044 per kilogram. Silver coins remained flat at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.