24 May 2025, Sat

Gold Once Again at All Time High on the first day of the new financial year price per 10 grams crossed 91000

Gold-Silver Pries Today: There is an atmosphere of uncertainty in the global market amid threats of US President Donald Trump’s tariffs. On the very first day of FY 2026, Gold reached the high level. Gold futures are trading close to Rs 91,400, while silver is trading at a price of Rs 1,01,00.

Gold and silver price rising rapidly

The June contract gold price on the Multi Commodity Exchange (MCX) opened at Rs 91,316 with a gain of Rs 599 today. Its previous closed price was Rs 90,717. In the international market, the price of gold spot is trading close to $ 3,145 an ounce, while the gold rate on comex is trading at $ 3,174 an ounce.

Why the price of gold caught speed?

Speaking to The Mint on the rising gold prices, SS Wealthiest Founder Sugandha Sachdeva said, “Gold prices have not suddenly increased, but there are many reasons behind it.” Stress of geopolitical environment, continuous decline in interest rates, threats on tariff of US President Donald Trump, increased fear of inflation, there are many things that have increased gold prices.

Anuj Gupta, the commodity and currency head of HDFC Securities, said, people are moving towards safe investment amidst the danger of trade war and for fear of its impact on economic development. Apart from this, the central bank is also shopping for gold fiercely and gold prices have also increased due to strong ETF flow.

Silver price also rises

On the other hand, if you talk about silver, then its promise also opened with a rapid pace. The silver benchmark May contract on MCX opened at Rs 1,00398 with a gain of Rs 333 today. While its previous closed price was Rs 1,00065. Today, the price of silver rose by Rs 880 to Rs 1,0,0945 at a price of Rs 1,0,0945. Silver futures have touched their record high levels of Rs 1,01,999 per kg this year.

Also read:

The fear of the tariff of the trump: the stock market crashed as soon as it opens, the Sensex slipped 500 points; The condition of Nifty is also disturbed

Source link

By Admin

Leave a Reply

Your email address will not be published. Required fields are marked *