Zoom News : Jul 18, 2022, 05:16 PM
Gold Price Today: There is an increase in the price of gold and silver once again. Despite the huge volatility in the global market, the prices of gold and silver are showing an increase in the Indian futures market. On the Multicommodity Exchange (MCX) this morning, the futures price of 24 carat purity rose by Rs 248 to Rs 50,355 per 10 grams, while silver futures on MCX rose by Rs 363 to Rs 55,950 per kg in the morning.Rise in the price of gold and silverEarlier, trading in gold had started openly at the level of Rs 50,150, but due to increase in demand, the prices soon increased, while the prices of silver also showed a jump this morning and its futures once again reached close to 56 thousand. Is. Let us tell you that gold is currently trading at an increase of 0.49 percent from its previous closing price, while silver is currently trading up 0.65 percent from its previous closing price.What is the price in the global marketThere is a jump in the prices of gold and silver in the global market today. In the US market, the spot price of gold was at $ 1,714.89 an ounce in the morning, while the spot price of silver has also reached $ 18.83 an ounce today. That is, there is a sign of increase in the price of gold and silver in the global market as well.What do experts say?Regarding the increase in the price of gold and silver, experts believe that further increase can be seen. The dollar has reached a 20-year high amidst the continuous happenings at the global level. This is the reason why the pressure on the price of gold is increasing. If the pressure of Russia-Ukraine war in the global market, then the prices of gold will rise again. Not only this, after the announcement of Russia not giving gold to G7 countries, the chances of increase in the price of gold have increased.