This week, a rise of Rs 1737 was recorded in gold and Rs 2709 in silver on MCX. The rate of gold has crossed Rs 63000. Know what is the latest price of 24 carat gold.
This week a tremendous rise was recorded in gold and silver. On MCX, gold closed at Rs 63357 per ten grams with a jump of Rs 1737 and silver closed at Rs 76593 per kg with a jump of Rs 2709. In the international market this week, a rise of 3.4% was recorded in gold and it closed at the level of $ 2073 per ounce. Silver closed at $ 25.49 per ounce.
Gold and silver price in Delhi
In the Delhi bullion market on Friday, gold became stronger by Rs 100 and silver increased by Rs 500. Gold closed at Rs 63300 per ten grams and silver at Rs 79700 per kilogram. HDFC Securities analyst Saumil Gandhi said traders are hopeful that the Federal Reserve will not raise interest rates again and will potentially ease monetary policy in the first half of 2024. This will continue to support gold prices.
Price of 24 carat gold
According to the information available on the website of IBJA i.e. Indian Bullion Jewelers Association, the price of 24 carat gold is Rs 6273 per gram, the price of 22 carat is Rs 6122, the price of 20 carat is Rs 5583, the price of 18 carat is Rs 5081 and the price of 14 carat is Rs 4046. It was Rs per gram. The price of silver of 999 purity was Rs 76400 per kg. This does not include 3% GST and making charges.
Big boom expected in 2024 also
This year, a rise of about 19% was recorded in gold price on MCX. Gold has jumped 16% on COMEX. Renesha Chenani, head of research at Augmont Gold, said that gold has done wonders in 2023 and it is expected to perform well in 2024 also. Gold is getting support from four factors. De-dollarization is getting stronger. The stance of the Federal Reserve is gradually shifting towards dovish. Geopolitical tension continues and demand outlook is strong. Demand for gold is coming from both investment and retail segments.
