Gold Price Today: Gold reached all time high, silver also shined, know the opinion of experts

highlights

Gold becomes stronger by Rs 1,070

Silver rises by Rs 1,120

Know the rate by missed call

New Delhi. Gold and silver have become expensive in the Indian bullion market today, April 1, 2024. Amidst the strong global trend, ten grams of gold has become costlier to Rs 68,420 in the Indian bullion market. The rates of one kg silver have also strengthened and now it is being sold for Rs 78,570. HDFC Securities has given this information.

In the Delhi bullion market on Monday, the price of gold rose by Rs 1,070 to reach an all-time high of Rs 68,420 per 10 grams. In the last trading session, gold had closed at Rs 67,350 per 10 grams.

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How much has silver reached today?
The price of silver also increased by Rs 1,120 and closed at Rs 78,570 per kg. In the previous trading session, it had closed at Rs 77,450 per kg.

Rise in gold prices in foreign markets
Spot gold prices in the foreign market COMEX rose to US $ 2,265.73 per ounce and its last price was $ 2,257.10 per ounce. Silver was also trading with gains at $ 25.13 an ounce. In the last session it had closed at $ 24.55 an ounce.

Reasons for the rise in gold
Dilip Parmar, Research Analyst at HDFC Securities, told PTI, “Gold prices have reached record levels as the US Federal Reserve is getting closer to cutting interest rates, which is giving impetus to the rise in bullion prices. Apart from this, strong demand from China is also causing increase in gold prices.

US growth data better than expected
Pranav Mer, Vice President, EBG – Commodity and Currency Research, JM Financial Services Ltd, said, “Gold has surged above $2,280 an ounce in overseas futures and hit a record high of Rs 69,487 per 10 gram in MCX futures as US growth data is better than expected and inflation is above 2.5 percent, raising concerns about an expected interest rate cut at the Federal Reserve's June meeting. The dollar index is trading stable as many markets are closed today due to Easter holidays.

“Also, on Monday, key US data including the Manufacturing Purchasing Managers Index (PMI) will be released, which will provide further insight into the Federal Reserve's monetary policy outlook,” said Praveen Singh, associate VP, fundamental currency and commodities at BNP Paribas Buy Sharekhan. Will provide direction.

It is very easy to know the gold rate through missed call.
It is noteworthy that you can easily find out these rates sitting at home. For this, you just have to give a missed call on this number 8955664433 and a message will come on your phone, in which you can check the latest rates.

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