Gold price at the highest level ever: Between the clouds of trade war and tariff war arose, gold and silver have risen. Globally, gold prices reached an all -time high level of $ 3,200 an ounce, in local markets, prices also reached a record high. MCX gold also reached a new height. Gold in the global market reached a record level of $ 3255.90 an ounce. This week the price of gold has increased by more than 5 percent.
Gold is Rs 100 per kg in Ahmedabad. 2300 jump
Today, the price of gold in Ahmedabad is Rs 100 per kg. It reached a historic high level of 96,300 per 10 grams with a jump of 2,300. Silver also jumped 100 rupees. Increased from Rs 1000 to Rs. It was priced at 94000 per kg. Gold has gained Rs 100 in the last three days. It has increased to 5100 per 10 grams. Gold was Rs 250 per kg on 8 April. With a cut of Rs 300. It was 91200 per 10 grams. Which is a record of 1000 crores today. It has reached a historical level of 96300 per 10 grams.
MCX Gold is also at all time high
MCX Gold also opened up at Rs 100. Life reached a high level of 93736 per 10 grams. Gold on MCX on 5 June futures at 5.20 pm at Rs 100 an ounce. With a jump of Rs 1290. It was trading at 93323 per 10 grams. MCX Silver (May 5, futures) also closed at Rs 100. The Rs 1190 increased to Rs 1,190. Its business took place at 92785 per kg.
Due to the rise in gold and silver
The trade war between the US and China has increased uncertainty in the global economy amidst trade war and geopolitical tension. The dollar has weakened. The bond reward has weakened. Due to which investors are taking hedging positions in safe asset. The rupee has strengthened at the domestic level. This has benefited valuable metal. Commodity experts estimate that gold on MCX will be within a radius of 94,500-95,000 per 10 grams in the near future. Support level Rs. It is 92000. On the other hand, Trump’s 90-day tariff relief has increased silver procurement at the industrial level. Therefore, the brightness of silver has increased.
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