price of gold and silver
There is a tremendous increase in the prices of gold and silver in the country. The price of gold in the futures market of the country has increased by about 5 percent in the last month. While in the price of silver, a return of 8 percent has been observed. According to experts, the European Central Bank has cut the interest rates. On the other hand, the type of US data that has come to light. It is expected that the interest rates will be reduced by 0.25 percent. Moreover, at the meeting to be held in November, the possibility of cuts could be announced. Due to which the gold prices seem to be getting support. At the same time, due to the fall in the dollar index, there is an increase in the price of gold. Let us also tell you where the gold prices have reached in the last month and a week.
Tremendous increase in the price of gold
There has been a good increase in the price of gold on Multi Commodity Exchange in the last month. On August 14, the price of gold was Rs 70,136 per ten grams. It rose to Rs 73,515 on September 13, i.e., the last trading day of the week. This means that in one month the price of gold has seen an increase of 4.82 percent i.e. Rs 3,379. On the other hand, in about a week, an increase of about Rs 2,100 has been observed in gold prices. According to MCX data, gold had closed at Rs 71,426 on the trading day of last week. Since then, the price of gold has increased by 2.92 percent.
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Silver also made a lot of money.
On the other hand, silver has also crossed the level of Rs 82,000 to Rs 89,000 in just one month. If we look at the data, the price of silver stood at Rs 82,584 per kg on August 14, which increased to Rs 89,180 on September 13. This means that during this period, the price of silver has seen an increase of 7.98 percent i.e. Rs 6,596. In the last week too, Chadin has given investors a return of 7.76 percent. On the last trading day of last week, the price of silver was Rs 82,757. In which till September 13, an increase of Rs 6,423 per kg has been observed.
