Modern Bharat
Tremendous jump in gold and silver prices on the first day of December, know today's latest rates

Like the stock market, the price of gold is also making a record, trading at some distance from the highest level

Gold-Silver Price: If there is a boom in the stock market, then the bullion market continues to shine. Gold rose by Rs 473 to Rs 54,195 per 10 grams in the Delhi bullion market on Friday due to the spectacular rise in the global market. Like gold, the prices of silver remained high and silver also closed at Rs 66,064 per kg with a jump of Rs 1,216.

It remains in gold and in Delhi’s bullion market, gold has risen by Rs 473 to reach Rs 54,195 per 10 grams. In the last trading session, gold had closed at Rs 53,722 per 10 grams. Gold has also reached Rs 53,900 per 10 grams on MCX. Gold is only Rs 2300 away from its highest level. In August 2020, gold touched a high of Rs 56,191 per 10 grams. Then silver also touched the level of Rs 77949 per kg.

In the international market, gold has risen sharply to $ 1,801.25 an ounce and silver to $ 22.73 an ounce. If experts are to be believed, the rise in gold prices may continue. Fed Reserve can announce interest rates on 14 December. If it increases less than the market estimates, then an increase in gold prices can be seen.

Dilip Parmar, Research Analyst, HDFC Securities, said, “Gold prices remained bullish in the domestic market due to signs of coming down in inflation, weakening of dollar index and strong spot demand for gold.” Navneet Damani, Senior Vice President, Motilal Oswal Financial Services said, “Precious metals closed higher on the back of weak dollar on the prospect of a slow hike in interest rates by the Federal Reserve and signs of easing inflation in the US.”

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