In the domestic futures market, gold prices increased by 1 percent in the morning session on Monday. Gold on the first Multi Commodity Exchange i.e. MCX was trading at ₹ 93,317 per 10 grams at ₹ 93,317 per 10 grams. After this, the price of gold was trading at Rs 93230 per 10 grams at 10.46 am. At the same time, the price of silver was also 0.41 percent with a jump of Rs 95,712 per kg. Gold and silver price fluctuations continue continuously.
Gold also strong at global level
Gold prices also increased at the global level after an increase in demand for safe investment from the comment of US Treasury Secretary Scott Besant on the tariff threats of President Donald Trump. However, at home level, gold prices have decreased significantly in the last one week. During this period, the price of 24 carat gold has decreased by about Rs 4000 per 10 grams.
Gold will touch new height, why is this estimate
Goldman Sachs Research says that gold is becoming increasingly popular among traders, investors and central banks. This precious metal, which has been used as a financial asset for thousands of years, remains at risk of tremendous boom and heavy decline. But despite the volatility of the commodity, gold has repeatedly recorded records in recent years. Goldman Sachs says that since March, investors have been increasing their stake in gold due to concerns about the health of the economy and market volatility. In the long term, it is expected that the multi-year demand of central banks will raise prices. The price of gold is based on these two factors that will bring the metal to a new record height.
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