Gold Silver Price: The rate of gold in the international market has increased by two and a half percent to reach $ 2050 per ons. The price of silver has also crossed $24 per ons with a tremendous increase of 5 percent.
Gold Silver Price: There is a storm in the bullion market on Thursday. Gold and silver prices on MCX are up by 2-4%. There is a record-breaking rally in the domestic markets as well as in the foreign markets. The price of gold on COMEX is trading near $ 2050 per ons. The reason for the strong rise in gold and silver is the decision of the US Central Bank, in which there have been indications of cutting interest rates.
Gold becomes more expensive in the country
A stormy rise is being seen in the prices of gold in the domestic futures market. The price of gold on MCX has increased by Rs 1200 and has reached close to Rs 62400. The price of silver has also strengthened by about 4 percent and reached Rs 74300 per kg. Today the price of silver is registering a rise of more than Rs 2700.
Gold and silver in foreign markets
In the international market, the rate of gold has increased by two and a half percent and has reached $ 2050 per ons. The price of silver has also crossed $24 per ons with a tremendous increase of 5 percent.
Why is there a rise in gold and silver?
The reason for the rise in bullion market is the decision of US FED. In the meeting held in December, the central bank decided to keep the rates stable for the third consecutive time. The special thing is that there are indications of reduction in 2024. Under this, interest rates can be reduced 3 times. As a result, US bond yields and the dollar index slipped, reaching a four-month low.
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