Gold / Silver Rate Today: After two days of decline, the price of gold has increased on Wednesday. On Wednesday, the April futures gold (Gold Price) on Multi Commodity Exchange (MCX) has become costlier by 0.45 percent i.e. Rs 202 per 10 grams due to positive signals from the global market. While the price of April futures silver (Silver Price) has increased by 0.34 per cent i.e. Rs 223 per kg. Even after the price rise, the price of gold is 20 percent less than the record high.
On Wednesday, the price of April futures gold rose by Rs 202 to Rs 44,848 per 10 grams on the Multi Commodity Exchange. In the last trading session, gold had closed at Rs 44,646. At the same time, the price of May futures silver rose by Rs 253 to Rs 65,225 per kg. On Tuesday, silver had closed at Rs 64,972 per kg on MCX.
What is the reason for the rise in gold?
Gold is trading at a brisk pace due to a correction in US bond yields, an increase in Covid-19 cases, tensions in the US-China, the Fed’s stance on interest rates and improved economic data from major economies. .
Despite the strengthening of the dollar, gold prices have increased in international markets. Spot gold price jumped 0.3 percent to $ 1731.75 an ounce. With this, the price of silver gained 0.3 per cent to $ 25.16 an ounce.
Check your city rate
According to the data available on the website of Good Return, today 22 carat gold price is Rs 42,300 in Chennai, Rs 42,900 in Mumbai, Rs 44,040 in Delhi, Rs 44,390 in Kolkata, Rs 41,900 in Bangalore, Rs 42,990 in Pune, Rs 44,370 in Ahmedabad, Rs 44,040 in Jaipur-Lucknow and Rs 42,990 per 10 grams in Patna.
Similarly, the price of 24 carat gold is Rs 43,990 in Patna, Rs 48,040 in Jaipur-Lucknow, Rs 46,240 in Ahmedabad, Rs 43,990 in Pune, Rs 45,700 in Bangalore, Rs 46,990 in Kolkata, Rs 48,040 in Delhi, Rs 43,990 in Mumbai and Chennai. Rs 46,140 per 10 grams.
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