MCX Gold Price: Gold prices are continuously increasing during the festive season. It is being said that this time gold will create a record on Diwali. Let us tell you that the price of gold in Delhi bullion market is reaching close to Rs 62,000. Gradually the prices of gold continue to rise. Even today gold has become expensive in Delhi bullion market….
Festive season is going on. Gold and silver are purchased in everyone’s homes on Diwali. In such a situation, gold becoming expensive is a shock for everyone. The price of gold in Delhi bullion market is reaching close to Rs 62,000. Gradually the prices of gold continue to rise. Even today gold has become expensive in Delhi bullion market. Will gold prices reach record levels this Diwali?
In the bullion market of the national capital on Wednesday, gold rose by Rs 50 to Rs 61,700 per 10 grams. HDFC Securities gave this information. Whereas, in the previous trading session, gold had closed at Rs 61,650 per 10 grams.
What is the expert’s opinion?
Saumil Gandhi, Senior Analyst (Commodity) at HDFC Securities, has said that gold traded strongly on Wednesday, which was Rs 50 higher than the previous closing price. He said that meanwhile, the demand for retail gold jewelery in the domestic market is likely to improve with the festive season.
What is the price of gold and silver in the global market?
In the global market, gold fell to $ 1,974 an ounce. The price of silver also suffered losses to $22.88 an ounce.
Demand for gold and silver is increasing-
Let us tell you that the effect of the ongoing war between Israel and Hamas is visible on the prices of gold and silver. At present the demand for gold and silver has increased significantly in the market. At the same time, volatility is visible in gold due to the performance of US yields and the strong hold of the dollar.
