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Gold Price Today: Gold demand picks up, future gold becomes stronger, know what is going on

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Gold Prices today: Light bounce in gold prices.

New Delhi:

Over the last several months Gold prices Has declined. Gold is at its lowest level in seven months. The previous record high of gold was above 56,000 in August 2020, since then gold has become cheaper by about Rs 12,000 per 10 grams. Meanwhile, there is an increase in the spot demand for gold. At the same time, bullion prices have also strengthened in the international market, due to which there has been a slight rise in gold. Gold future has also climbed.

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Gold prices in the bullion market rose marginally by Rs 35 to Rs 43,996 per 10 grams on Tuesday amid strong prices of precious metals in the international markets. HDFC Securities gave this information.
In the previous trading session, gold had closed at Rs 43,961 per 10 grams. Silver also rose by Rs 553 to Rs 65,621 per kg. The previous closing price of silver was Rs 65,068 per kg.

Today, if you look at the rate of India Bullion and Jewelers Association Limited ie IBJA, then the price of gold is something like this (These prices are stated per gram without GST charge).

24 carat – 4,464
22 carat – 4,313
18 carat- 3,572
14 carat – 2,969

At the same time, speculators increased their deals due to increasing demand in the spot market, due to which gold rose by Rs 212 to Rs 44,430 per 10 grams in futures market on Tuesday. The gold contract for April delivery at the Multi Commodity Exchange rose by Rs 212, ie 0.48 percent to Rs 44,430 per 10 grams. Under this contract, deals were done for 11,976 lots. Analysts believe that the futures market gained momentum due to the speculators increasing their deals further in the market. At the same time, gold rose 1.02 percent to USD 1,695.10 an ounce on the New York Exchange.

(Input from language)

(This news has not been edited by the NDTV team. It has been published directly from the Syndicate feed.)

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