Gold Price Today: Gold became expensive again, silver prices also increase, check the fresh price today
Gold price today: Gold prices saw a boom for the second consecutive day today. On Monday, the price of gold with 99.9 percent purity in the capital Delhi rose by Rs 580 to Rs 97,030 per 10 grams amidst strong trends in international markets. Let us tell you that earlier, on Friday last week, the price of gold increased by Rs 1400 to Rs 96,450 per 10 grams. Along with this, gold with 99.5 percent purity also reached Rs 580 to Rs 96,580 per 10 grams (including all taxes). In the last session, it closed at Rs 96,000 per 10 grams.
Investors are increasing in gold
Chintan Mehta, CEO of Abson Financial Services, said, “At this time, the US Treasury Yield is approaching 4.5 percent, which further increases the boom after rating agency Moody’s reduced the US credit rating from AAA to AA1.” Mehta said that the move has increased interest in gold again, as investors are reducing investment in US Treasury Bills and looking for assets with safe investment. Apart from gold today, silver also rose by Rs 500 to Rs 98,500 per kg. Whereas, on Friday, silver closed at Rs 98,000 per kg on Friday.
Gold will reach $ 3700 an ounce by the end of 2025
Meanwhile, the highest trading contract for gold futures on Multi Commodity Exchange (MCX) was seen trading at Rs 93,623 per 10 grams. Silver futures increased by Rs 1000 for July delivery. Silver is trading at Rs 95,980 at Rs 662 per kg on the Commodity Exchange. In the global market, the spot gold rose $ 39.05 or 1.22 percent to $ 3241.82 an ounce. According to Goldman Sachs, gold will increase by $ 3700 an ounce by the end of 2025.
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