Big jump in the price of gold and silver gold reached a record high Quickly check latest rate

Gold Price: There has been a big jump in the price of gold and silver again. Ever since the government has increased the import duty on gold by 5 percent, the price of gold has been increasing since then. In just two trading sessions, gold has become expensive by about Rs 1,700 and has once again crossed 52 thousand. Not only this, let us tell you that the futures price of gold is the highest in two months today.

What is the price of gold and silver?

This morning, the futures price of 24-carat gold of 24 carat purity has increased by Rs 323 to Rs 52,240 per 10 grams on the Multicommodity Exchange, while silver futures on MCX rose by Rs 58 to Rs 57,800 per kg in the morning. On the other hand, at the beginning of trading today, gold was at the level of Rs 52,050 per 10 grams. But due to the impact on the supply, soon it started showing a boom.

Gold is trading at a jump of about 0.6 percent from its previous closing price, while silver is seen up 0.10 percent from its previous close. In fact, the government has increased the import duty on gold from 7.5 percent to 12.5 percent on Friday, which is directly affecting the prices.

What is the condition of the global market?

There is a fall in the price of gold in the global market. The spot price of gold in the US market today stood at $ 1,812.40 an ounce, while the spot price of silver came down to $ 19.86 an ounce. At the same time, the spot price of Platinum is $ 886, which is 0.56 percent lower than the previous closing price. The spot price of palladium came down to $1,860. That is, lethargy is going on in the global market at this time.

Will the price of gold increase or decrease?

The Government of India has made a big increase in the import duty on gold. Apart from this, Russia has also banned export of gold to G7 countries. In such a situation, the price of gold will increase further in the coming time. According to experts, gold on MCX can go above 53 thousand. Or else gold can even go up to its record high 56,200. Gold ETF investments fell 0.8 per cent to 1,041.9 tonnes on Friday due to a jump in the price of physical gold.