Gold Price Today: Gold and silver became expensive, know where the prices reached?

gold and silver become expensive

There has been an increase in the prices of gold and silver today. The signals received from foreign markets have also affected the domestic bullion market. According to market experts, the sentiments among investors have improved due to the softening of inflation in the US. This has increased gold and silver. With today’s growth in Delhi NCR gold The prices have reached above the level of 52500. At the same time, the price of silver has also reached above the level of Rs 62500 per kg.

Where did the gold and silver prices reach

According to the information given by HDFC Securities, the price of gold in the National Capital Region rose by Rs 294 per 10 grams to Rs 52,663. In the last trading session, gold had closed at the level of 52369. At the same time, silver also rose by Rs 638 to Rs 62858 per kg. There was an upward trend in the prices of both gold and silver in the international market. In the overseas market, gold rose to $ 1761 an ounce. On the other hand, silver rose to $ 21.89 an ounce. Market experts believe that gold and silver have also seen an increase due to the positive trend from US inflation data.

What is the opinion of experts

Vinay Rajani, Research Analyst, HDFC Securities, said that gold prices have seen an increase due to lower than expected inflation rate in the US. He said that MCX Gold December Future has crossed the key level of 52100, so the next target is 52600. On the other hand, Navneet Damani, VP Commodity Research, Motilil Oswal Financial Services, said that gold prices have reached the high levels of two and a half months and it is likely that this week will prove to be the best week of the last 8 months for gold. According to him, the latest inflation data has given hope that the Federal Reserve may keep the pace of raising rates slow, after which gold has seen an increase.