Gold Rate Today: Gold becomes expensive again, prices are highest in two months, these are the rates of July 5
Gold Price
Highlights
- Prices in the futures market have reached the highest level of two months
- Gold futures of 24 carat purity rose by Rs 108
- 22 carat gold today rose by Rs 100 today to Rs 48100
Gold Price Today : Unlike the global market, gold prices in India are flowing in the opposite direction. This is because while the international market gold prices are declining, gold prices are booming in India. There is a continuous jump in the prices of gold and silver in the Indian futures market. Gold became costlier for the third consecutive day on Tuesday. If we look at the history of prices, then the prices in the futures market have reached the highest level of two months.
On Tuesday morning, the futures price of 24 carat purity on the Multicommodity Exchange (MCX) saw a rise of Rs 108. With this the price reached Rs 52,230 per 10 grams. Although the market opened at Rs 52,199, but due to shortfall in supply, the prices increased further.
silver also jumped
Unlike gold, silver was showing sluggishness in the last trading week. But this week silver is showing good growth. Silver prices rose by Rs 362 this morning in the futures market. With this, the price of silver reached Rs 58,850 per kg. Silver is currently trading with a gain of 0.62 percent from its previous closing price.
Here are the gold rates in Delhi
Talking about the prices in the gold bullion market, 22 carat gold, which is used to make jewelery, is selling at Rs 48100 per 10 grams with a rise of Rs 100 today. On Monday, its prices were Rs 48000 per 10 grams. On the other hand, if we talk about 24 carat gold, then there is a rise of Rs 130 here. Today the price of gold is Rs 52470 per 10 grams. Whereas yesterday the price of gold was Rs 52340 per 10 grams.
22 and 24 carat prices in major cities of the country
Gold Rate In India
Gold sluggish in overseas markets
Gold is looking a bit expensive in foreign markets. The spot price of gold in the US market is $ 1,811.38 an ounce, which is 0.10 percent higher than the previous closing price. On the other hand, spot silver also reached $ 20.13 an ounce today.
buy gold or wait
Experts say that right now the price of gold may remain under pressure for the coming few days. Fears of a recession in the US may increase the demand for gold in foreign markets. But in the domestic market, the effect of increasing import duty is visible here.
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