Gold Rate: The dollar and bond yields declined in Asian trading hours on Thursday as the US Federal Reserve held off on tighter monetary policy from its next meeting following a recent hike of 25 basis points (quarter percent) in the standard interest rate. Gold prices shot up.
Gold Price in India: Gold price continues to rise. Now the prices of gold have reached the historical level and today there has been a huge jump in the prices of gold. A rise of more than Rs 900 has been seen in the prices of gold in a single day, due to which the price of gold has reached its record level so far and with this gold has now crossed Rs 62000 per 10 grams. Along with this, there has been a huge rise in the price of silver.
Gold prices
Gold prices rose by more than Rs 900 in the bullion market of the national capital on Thursday, May 4 amid a strong trend in global markets. Gold prices rose by Rs 940 today. With the rise in the price of gold by Rs 940, its price has crossed Rs 62 thousand. Now the price of gold per 10 grams has been Rs 62,020. HDFC Securities gave this information. Whereas in the last trading session, gold had closed at Rs 61,080 per 10 grams.
silver price
Along with this, there has also been a rise in the prices of silver. The price of silver has increased by Rs.660. With this rise, now the price of silver has gone up to Rs 76,700 per kg. HDFC Securities Senior Analyst (Commodities) Saumil Gandhi said, “After last night’s rally in the international market, gold touched a record high in the domestic market.”
Foreign market also booming
At the same time, gold rose sharply to $ 2,039.50 an ounce in foreign markets, while silver rose to $ 25.50 an ounce. Asian trading hours on Thursday dragged down the dollar and bond yields on signs that the US Federal Reserve may hold off on tighter monetary policy from its next meeting following the recent 25 basis points (quarter) hike in the standard interest rate, Gandhi said. Gold prices rose in
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