Gold-Silver Price Today: Due to many global reasons, gold prices are increasing. Even today the price of gold in the market is trading above Rs 71600. Many experts believe that the price of gold may soon go up to Rs 75,000.
Gold-Silver Price Today, April 10: Gold prices continue to rise. Even today the price of gold has increased. The rate of gold is increasing on the Multi Commodity Exchange. Gold prices are rising due to many global reasons. Even today the price of gold in the market is trading above Rs 71600. Many experts believe that the price of gold may soon go up to Rs 75,000.
Today on Wednesday, the price of gold on Multi Commodity Exchange is trading at Rs 71640 per 10 grams with an increase of 0.42 percent. Apart from this, the price of silver is at Rs 82830 per kg with an increase of 0.46 percent.
What are the reasons for the rise?
There are many reasons for the rise in gold prices. If we talk about the main reason for the rise in gold prices, then it is geopolitical tension. Apart from this, Iran has also stood against Israel in the Middle East. The impact of the ongoing war between Russia and Ukraine is not showing any signs of diminishing. Gold prices are also rising in the global market. Apart from this, the impact of the US Central Bank’s expectation of a possible interest rate cut by the Federal Reserve is also visible.
Correction will come in gold
Apart from this, news is coming that the prices of gold and silver are falling in the month of June. According to Ajay Kedia, Director of Kedia Advisory, gold may fall by Rs 6000 to Rs 7000 from its current level. The Federal Reserve meeting is going to be held in the month of June. The Fed’s decision in this meeting will either lead to a fall in gold prices or a rise…its decision will also be known soon. At present, the prices of gold are continuously increasing, so a correction may be seen in the prices of gold. In the last few months, there has been an increase of about 27 percent in the prices of gold, but now there will be a correction in gold prices.
Check latest rates
You can also check the price of gold sitting at your home. According to Indian Bullion and Jewelers Association, you can check the price just by giving a missed call on number 8955664433. Your message will be received on the same number from which you message.
Gold is a safe investment option
Let us tell you that gold investment is always considered very safe. Amidst the continuous fluctuations in the global market, gold is being considered a safe investment option. At present, due to increasing tension in the Middle East, people are moving towards safe investment.
