Gold Rate Today: The impact of strength in foreign markets was also seen on the domestic market. On Wednesday, there was a tremendous rise in gold and silver prices in Delhi’s bullion market. Gold rose by Rs 500 to Rs 99,000 per 10 grams. This is considered to be a high price ever. At the same time, the price of gold with 99.5 percent purity has increased to Rs 98,500 per 10 grams.
Silver price
Talking about silver, it has also recorded an increase of Rs 1,000. Now silver is being sold at Rs 1,00,000 per kg. On Tuesday, the price of silver fell by Rs 1,370 to Rs 99,000 per kg, but on Wednesday, it jumped again. The glow of gold continued in the international market too. The spot gold rose 0.7% or 23.16 to $ 3,323.87 an ounce.
Why Gold is getting expensive
Kayanat Chanwala, AVP-Joint Research of Kotak Securities, said that gold prices have risen because the market is waiting for the signs of the US Federal Reserve meeting points and upcoming policies. It is clear from this increase that investors are still considering gold and silver as a safe investment option.