Gold Rate Today: The price of 24 carat 10 grams of gold in Delhi has reached Rs 99,750. The price of gold is 250 rupees away from the level of Rs 1 lakh in the capital. In such a situation, will the big question of gold cross the price of one lakh rupees tomorrow? Gold and silver prices saw a strong rise in big cities like Delhi and Indore on Tuesday. This has seen this increase due to rising purchases of investors and jewelers and increasing tension in international markets.
Gold expensive by Rs 2,400 in Delhi
In the bullion market of the national capital Delhi, gold of 99.9 percent purity rose by Rs 2,400 to Rs 99,750 per 10 grams. It closed at Rs 97,350 on Monday. At the same time, gold with 99.5 percent purity also gained Rs 2,400 to Rs 99,300 per 10 grams.
Silver prices also rise
Silver did not lag behind. The price of silver in Delhi rose by Rs 1,800 to Rs 98,500 per kg.
Gold and silver prices also increased in Indore
In the Indore bullion market, the price of gold rose by Rs 1,700 to Rs 98,900 per 10 grams and silver increased by Rs 2,000 to Rs 98,300 per kg. The silver coin is now being sold at Rs 1,150 per piece.
Impact of international markets
Gold, spotted gold in the international market, has reached $ 3,379.77 an ounce, a gain of 1.37 percent. The international price of silver has increased by $ 33 an ounce, ie 1.64 percent gain.
Why prices increased?
Political stir in America: Former President Donald Trump has said to impose heavy taxes on medicines and foreign films.
Business tension: This has created an atmosphere of fear in the global market, which led to the trend of investors towards gold.
Geophysical Tension: Russia-Ukraine War, Conflict in West Asia and increasing stress between Indo-Pak are also pulling prices up.
Dollar weakness: Sleeping is expensive when the dollar is weak, which has resorted to its prices. Now everyone’s eyes are on the meeting of America’s Federal Reserve on Wednesday and the decision on the interest rates there. This will make the direction of prices more clear.
Big news for electric cars and scooters! Government changed rules, on charging EV at night