Gold price caught fire, price reached near 72 thousand
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gold price: Hindu New Year is starting from today. The wedding season is going to start in India in the next one week. In such a situation, the fire in gold prices is becoming a cause of trouble for the common people. Even today, a rise in the price of gold is being seen. 11 am mcx But the price of ten grams of gold to be delivered on June 5 has increased by Rs 314 to Rs 71226. Whereas, the price of ten grams of gold to be delivered on August 5 has increased by Rs 294 and has crossed Rs 71533. There was a rise in futures trading on Tuesday due to buying of fresh deals by speculators amid strong spot demand. Meanwhile, an increase of Rs 100 is being seen in the price of silver today. Today the price of one kg silver is Rs 84,600.
What is the price in your city?
According to the GoodReturns website, today the price of ten grams of 24 carat gold in Mumbai is Rs 71,630, equal to the prices of Kolkata and Hyderabad. Whereas, the price of ten grams of 24 carat gold has become Rs 71,780 in Delhi, Rs 71,630 in Bengaluru and Rs 72,660 in Chennai. At the same time, the price of ten grams of 22 carat gold is Rs 65,660 in Mumbai, Kolkata and Hyderabad. Whereas, the price of ten grams of 22 carat gold is Rs 65,810 in Delhi, Rs 65,660 in Bengaluru and Rs 66,610 in Chennai. At the same time, the price of one kilogram of silver in Delhi, Mumbai and Kolkata is Rs 84,600. Whereas, the price of one kilogram of silver in Chennai is Rs 88,100.
Also Read: iPhone manufacturing company Apple is going to build 78 thousand houses in India, know what is the company’s plan
What is the reason for the rise in gold?
Amidst geo-political tension, gold is a safe investment for the whole world. Tension is increasing between Iran and Israel in the Middle East. The countdown to war between the two countries has started. The situation of war between Russia and Ukraine has also become serious. The Central Bank in America has indicated to reduce interest rates. Due to this, hand yield will be affected. Due to this also investors are showing their interest in gold.
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