By Admin 
Gold-Silver Price Today: Today there was a strong rise in the prices of gold and silver in the country. After a huge fall in the price of gold by Rs 78000 for two consecutive days, today the price of 24-carat gold of 100 grams is increasing by Rs 6500.
Similarly, gold on MCX is now rising again after reaching the level of Rs 1.48 lakh. Today MCX Silver has performed better with a gain of more than 3 percent. In early trade, both spot gold and spot silver saw an increase of 1.5 percent.
How much has the price increased today?
The price of 24 carat gold increased by Rs 6500 to Rs 15,09,300 for 100 grams and by Rs 650 to Rs 1,50,930 for 10 grams. This increase has happened after a huge fall in the prices of 10 grams and 100 grams of gold to Rs 7140 and Rs 71400 respectively on March 19. Earlier, the prices of 10 grams and 100 grams of gold had fallen by Rs 660 and Rs 6600 respectively. Between March 18 and March 19, a huge fall in the price of 24 carat gold was recorded by Rs 7800 per 10 grams and Rs 78000 per 100 grams.
Gold and silver prices increased on MCX?
Till the time of writing the news, the price of MCX gold with expiry of April 2026 was trading at Rs 1,47,920 per 10 grams, increasing by more than 2 percent i.e. Rs 2966. This is very close to its intraday high of Rs 1,48,302 per 10 grams. At the same time, MCX silver price was seen trading at Rs 2,38,055 per 1 kg, leaving gold behind, with an increase of about 3 percent i.e. Rs 6595. Silver with expiry of May 2026 managed to touch a high level of Rs 2.40 lakh in intraday.
Reason for rise in gold prices
- After yesterday’s heavy selling, investors in the market today are betting on gold at lower levels, which has supported the prices.
- There is still an atmosphere of tension in the Middle East. Gold has always been considered a ‘safe haven’ in times of global uncertainty. In such a situation, after yesterday’s selling, investors are increasing their stake today.
- Investors still have confidence in gold in the long term. Investors believe that gold prices will go up in the long run, hence, to strengthen their portfolio, investors are buying at lower levels.
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