What is the exact price of gold at the moment? Based on the information provided by the website Goodreturns, it was found that the cost of 10 grams of 24K gold in major cities like Mumbai and Kolkata was ₹64,850. Specifically, the website was the source of this information.
The price of gold in the nation's capital reached a new all-time high of ₹65,000 per 10 grams on Tuesday, marking a new record for the price of gold. From the previous day's pricing, this represents a significant increase of ₹800. The price of gold had skyrocketed to a figure of ₹64,200 per 10 grams by the time the session came before it came to an end.
Based on the information provided by the website Goodreturns, it was found that the cost of 10 grams of 24K gold in major cities like Mumbai and Kolkata was ₹64,850. Specifically, the website was the source of this information. The statistics indicate that the price of 24K gold with a weight of 10 kilograms was registered at ₹65,620 inside the Chennai region.
You can get the most recent information from the Hindustan Times that is accessible while you are on the road now! Read this for a bit, if you please.
As was the case with gold, the price of silver increased by ₹900, reaching ₹74,900 per kilogram. This is comparable to the situation with gold. In comparison to the previous closing price of ₹74,000 per kilogram, this is quite a significant difference.
“Spot gold prices (24 carats) in the Delhi markets are trading at ₹65,000 per 10 grams, up by ₹800, taking bullish cues from the overseas markets,” said Saumil Gandhi, senior analyst of commodities at HDFC Securities, in a statement to the Press Trust of India (PTI). Gandhi was referring to the fact that the prices of 24-carat silver in the Delhi markets have increased by ₹800. The statement made by Gandhi was about the fact that the prices of silver with a 24-carat weight in the marketplaces of Delhi have increased by ₹800.”On Tuesday, spot gold reached a new all-time high of ₹65,000, marking a new benchmark across domestic markets.”
In addition, at the time that this piece was being published, the spot price of gold was trading at $2,110 per ounce on the Comex.
Jateen Trivedi, who is the Vice President of Research Analyst at LKP Securities, was quoted as saying, “Gold prices experienced an uptick driven by growing speculation that the United States Federal Reserve will cut interest rates in June, resulting in a gain of more than ₹2,400 in MCX in the last three days.” This statement was made by the Pakistan Telecommunications Institute (PTI). It was reported by the PTI that this statement was made.
“The rise was also fuelled by signs of slowing industrial and construction spending in the US, coupled with a decrease in inflationary pressures,”, according to the economist's findings.
The price of silver was also reported to be higher, coming in at $23.88 per ounce and being mentioned. There has been an increase in the price of silver as a result of this. The transaction that came before it had settled for $23.09 per ounce. This was the one that came before it.
According to Pranav Mer, Vice President of Research (Commodity & Currency) at BlinkX and JM Financial, “Gold and silver prices have recovered and are trading positive, despite a steady dollar in the overseas market.” This statement was made about the fact that gold and silver prices went up. Specifically, this statement was made in response to the fact that the prices of gold and silver just increased. This is the situation that has emerged even though investors have been pushed toward safer assets due to continual swings in global equities and uncertainty regarding the policies of the United States Federal Reserve regarding the drop of interest rates. Despite these factors, the situation has come about.
There is a concerning increase in the popularity of gold, which is widely regarded as a preferred vehicle of investment and is an ideal hedge against inflation. This popularity is expanding at an alarming rate. In addition to the value of the United States dollar, the actions made by the government, and the conditions that are present in other regions of the world, the value of gold is affected by several other factors as well.