Gold Price Hike Today: Gold expensive for the second day in a row, yet Rs 3,500 cheaper than the March high, check the latest rate

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new Delhi. Due to the volatility in the global market, there is a change in the price of gold and silver on Thursday. Where there is a jump in the price of gold on the Multicommodity Exchange (MCX), the prices of silver have come down. The price of gold has increased for the second consecutive day, yet it is getting cheaper by Rs 3,500 from the high of March.

On MCX, at 10.01 am, the futures price of gold rose by Rs 63 to Rs 51,830 per 10 grams. This rate is of 24 carat purity gold and is the futures price of April. Similarly, silver prices also changed and the futures price on MCX weakened by Rs 144 to Rs 68,120 per kg. Silver has remained above 68 thousand for the last few sessions, which showed a decline for some time only.

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Fluctuations also seen in the global market
The price of gold and silver is also fluctuating in the global market. In the morning, the rate of gold fell 0.3 percent to $ 1,939.29 an ounce in the global market, while silver also saw a slight decline of 0.02 percent. The price of silver reached $ 25.18 an ounce. Due to the change in the global market, the effect is also visible on the domestic market.

What is the expert’s guess
Market analysts say that after the end of the ongoing war between Russia and Ukraine, gold prices will fall sharply. Russia also has large reserves of gold and wants to sell it in the global market. If this gold comes in the market then its supply will increase and there can be a big fall in the prices.

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You can check the price of your city like this
The price of gold jewelery varies across the country, as it also has its share of excise duty, state tax and making charge. You can take the help of Indian Bullion and Jewelers Association (IBJA) to check the price of gold in your city. For this, you just have to give a missed call on the number 8955664433. The message of the latest rate of gold will come on your mobile number.

Tags: Gold Prices Today, Silver Price Today

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