Suspense Crime Sach Ka Dam
Gold and silver are in the festive mood. The price is not stopping at all. The price of silver crossed Rs 1 lakh on Tuesday. The price of gold in the national capital rose by Rs 350 to a new all-time high of Rs 81,000 per 10 grams. Silver rose by Rs 1,500 to a new high of Rs 1.01 lakh per kg, while on Monday its price had closed at Rs 99,500 per kg. According to the All India Sarafa Association, silver registered a rise for the fifth consecutive day.
Gold prices hit another record high on Monday, extending last week’s rally, as uncertainty over the US election and fears of Israeli retaliation against Iran boosted safe-haven demand, experts said.
99.9 percent purity gold today
According to the news, according to the All India Sarafa Association, there is an upward trend in demand for both metals. Gold of 99.5 percent purity jumped by Rs 350 to a new high of Rs 80,600 per 10 grams. Meanwhile, the metal of 99.5 percent purity closed at Rs 80,250 per 10 grams, while the gold of 99.9 percent purity closed at Rs 80,650 per 10 grams on Monday. Hindustan Zinc Limited CEO and Whole-time Director Arun Mishra said that the current rise in silver prices is driven by industrial demand, such as expansion of photovoltaic applications, followed by demand from jewelry and silverware sectors.
Bullion traders attributed the surge in precious metal prices to rising consumption in the industrial and wearable segments in the domestic market. Besides, concerns over growth, especially in China, rising geopolitical tensions in West Asia, and the status quo on interest rates by most global central banks also supported the rise in prices, traders said.
What was the price in the futures market?
Gold contracts for December delivery rose by Rs 208 to Rs 78,247 per 10 grams in futures trading on the Multi Commodity Exchange (MCX). Gold prices on MCX have traded higher and the bullish momentum is pushing prices higher. With the risk barometer remaining high, this persistent demand for bullion is likely to push gold prices higher shortly, Trivedi said.
He said market participants will closely monitor any developments in interest rates, global conflicts, and macroeconomic data as these factors will play a key role in deciding the direction of gold. Silver contracts for December delivery on the exchange rose by Rs 882 or 0.91 percent to Rs 98,330 per kg.
Comex Gold Futures Price
Comex gold futures rose 0.30 percent to a new record high of $2,747.10 an ounce. Gold prices rose to $2,747 an ounce as investors eye the BRICS summit where Russia aims to challenge the US dollar dominance with a new global financial payment system, said Kaynat Chainwala, AVP, Commodity Research at Kotak Securities. Globally, silver Comex futures rose nearly 1 percent to $34.41 an ounce.
