On Thursday, there was a huge rise in the price of gold and silver. On Thursday, the price of gold was Rs 47,780 per 10 grams while silver traded at Rs 67,203 per kilogram.
Gold Silver Price Today: On Thursday, the futures trading of gold and silver in the Multi Commodity Exchange reached its highest level of a week. Gold traded at Rs 47,780 per 10 grams on Thursday. It was Rs 203 more than the previous days. Silver futures also reached a very high level. On Thursday, it traded at Rs 67203 per kg with an increase of Rs 813.
In the previous session, silver futures were traded at Rs 66390. The price of gold in the international market reached this week's high as the US Federal Reserve Bank did not allow a deadline for the tapering plan. This also indicates that a hike in interest rates is not possible immediately.
The spot gold price in the international market was $ 1815.56 per ounce. One ounce is equal to 28.35 grams. That is, the price of 1-ounce spot gold was equal to about 1 lakh 35 thousand. Similarly, the futures trading of American gold in the international market was $ 1815.30 per ounce. Experts say that the price of spot gold has improved compared to the previous days.
The US Federal Bank has not yet cleared the pictures regarding the economic stimulus, due to which it has affected the US dollar. Earlier, ahead of the US FOMC meeting, gold prices remained under pressure due to the alertness of traders and investors, which traded below $ 1,800.
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