Gold records from New Delhi to New York became very expensive in July

Due to geopolitical tensions and falling dollar index, gold and silver have turned bullish. Where the gold price in New York has touched $2,500 per ounce. On the other hand, the gold price in India has also reached near-record levels. If we talk about July, an increase of around Rs 2,700 has been observed in the gold price. On the other hand, the silver price has increased by more than Rs 4,400.

The special thing is that from New York to New Delhi, silver has generated more money for investors than gold. Silver has given returns of 5 to 6 percent during this period. If experts are to be believed, there will be a surge in the prices of gold and silver from the foreign markets to the local market in the coming days. Let us also tell you how the price of gold and silver has risen from the local market to the international market.

Gold and silver growth in India

1. In the month of July, a 3.5 percent to 5 percent increase was seen in gold and silver prices on MCX.
2. On June 28, the price of gold stood at Rs 71,582, which fell to Rs 74,273 per ten grams on July 16.

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3. This means that the price of gold has seen an increase of 3.76 percent i.e. Rs 2,691 during this period.
4. On the other hand, silver price on MCX was Rs 89,540 per kg on June 28. It rose to Rs 93,960 on July 16.
5. During this period, the price of silver has seen an increase of 5 percent i.e. Rs 4,420 per kg.

Gold and silver prices break records in New York

1. Gold and silver futures prices have risen more than in India, with both up to 6 percent.
2. On June 28, the price of gold futures was $2,339 per ounce, which increased to $2,477 per ounce on July 17.
3. This means that the future price of gold has seen an increase of 5.90 percent i.e. Rs 138 per ounce.
4. If we talk about spot gold, on June 28 it was at $2,326.75 per ounce in the New York market, which rose to $2,471.28 per ounce on July 17.
5. This means that the spot gold price experienced an increase of 6.21 percent, or $144.53 per ounce in the month of July.
6. On the New York futures market, the price of silver was $29.56 on June 28, up 5.9 percent so far, and on July 17 the price fell to $31.31 per unit.
7. The spot price of silver was at $29.14 per ounce on June 28. It has so far risen by 6.65 percent and on July 17 the price reached $31.08 per ounce.