Gold At Lifetime High: Gold also touched the level of Rs 64 thousand on Multi Commodity Exchange today. The demand for gold increases a lot during the wedding season in the country and the global rates are increasing it even more.
Gold At Lifetime High: The golden metal gold has reached its highest level today with full shine. Gold rates have reached an all-time high and this is being seen not only in the country but at the global level. For the first time, gold on COMEX has gone above $2100 per ounce, which is its record high level.
Gold made a high of Rs 64,000 for the first time in India
Gold prices in the country have reached the most expensive level ever and for the first time it has gone to Rs 64,000 per 10 grams on Multi Commodity Exchange (MCX). At 10 am on MCX, gold was trading at Rs 63874 per 10 grams and a rise of Rs 517 or 0.82 percent was seen. Today the price of gold has reached Rs 64 thousand for the first time and this is the all-time high level of gold. Gold prices are for its February futures on MCX.
Gold price increased by Rs 7000 in two months
Gold has again made a new record today, in the last 2 months this precious metal has become costlier by more than Rs 7000.
Gold crosses Rs 64000 in retail market too
All-time high rates of gold are visible in the futures market, the retail market is also not lagging behind. Gold is becoming costlier by Rs 64 thousand in four major metro cities. Know what is the latest gold rate in your city-
Know the gold rate of Delhi
In the bullion market of Delhi today, gold is at Rs 64350 per 10 grams with a rise of Rs 440. These are the rates of 24 carat gold. Whereas in Delhi, the price of 18 carat gold has increased by Rs 330 to Rs 48270 per 10 grams.
Gold prices also increased in Mumbai
The shine of gold has also increased historically in the country’s financial capital Mumbai. Here gold of 24 carat purity is now at Rs 64200 per 10 grams with an increase of Rs 440. Gold of 18 carat purity has become costlier by Rs 330 and stands at Rs 48150 per 10 grams.
Gold prices rose by Rs 650 in Chennai
In Chennai, with an increase of Rs 650, gold has come at the rate of Rs 65150 per 10 grams, which is one of the most expensive rates among all the markets of the country. Here gold of 18 carat purity has increased by Rs 600 to Rs 59750.
This is the price of gold in Kolkata
In Kolkata, today gold with 24 carat purity is being sold at Rs 64200 per 10 grams with an increase of Rs 440, while 18 carat gold is being sold at Rs 48150 per 10 grams, an increase of Rs 330.
Why are gold rates rising in the international market?
Gold has reached its highest level ever due to rising expectations of the US Federal Bank cutting interest rates in the beginning of 2024. Despite Federal Reserve President Jerome Powell’s positive comments on monetary policy in the US, a decline in dollar yield has been seen. Fall in dollar and treasury yields is a positive reason for gold rates to rise. The effect of rise in global rates is also being seen on the gold rates in the Indian bullion market.
