Gold and Silver Price Today: Gold price in India has crossed 48 thousand. Silver (Silver Price Today) has also crossed 61000. On the other hand, the price of gold in foreign markets has seen a rise of more than $ 8. On the other hand, silver has seen a rise of about 1 percent.
Gold and Silver Price Today: After reaching the high of four decades in US Inflation Rise, the price of gold and silver (Gold and Silver Price Today) has seen a rise from India to US on Friday.
Gold price in India has crossed 48 thousand. Silver (Silver Price Today) has also crossed 61000. On the other hand, the price of gold in foreign markets has seen a rise of more than $ 8. On the other hand, silver has seen a rise of about 1 percent. Let us also tell you that after all gold and at what price.
Boom in overseas markets
first thing that foreign markets have witnessed a rise in price of the last trading day of gold on Friday. In the Comex market, gold is trading at $ 1785 with a gain of $ 8.10. While the price of silver is at $ 22.20 per ounce. On the other hand, the price of gold in European markets has seen a rise of more than 3 euros.
Due to which the price has come down to 1575.36 Euro per ounce. While silver is trading at 19.64 euros with a gain of one per cent. In London, gold has risen by only 1.13 pounds and the price is trading at 1344 pounds per ounce. Whereas silver is at 16.72 pounds per ounce.
Gold jumped in India
On the other hand, gold closed with a rise on Friday on the Multi Commodity Index in India’s futures market. Till the close of the market, the price of gold rose by Rs 250 to Rs 48189 per ten grams.
Whereas for the past few days, the price of gold was trading at Rs 47 thousand per ten grams. On the other hand, silver has seen a rise of Rs 391 per kg. Due to which the price has come down to Rs 61179 per kg.
Why the boom occurred
Anuj Gupta, Vice President (Commodity & Currency), IIFL said that inflation in the US has reached the highest level of 4 decades. Due to which the price of gold and silver has seen a rise. He said that when the markets open on Monday, the price of gold may see an increase of 10 dollars. This means that the price of gold can go beyond $1800. At the same time, silver can also reach close to $ 23.
