According to the All India Sarafa Association, gold of 99.9 per cent purity closed at Rs 96,450 per 10 grams on Tuesday. Gold prices had recorded their biggest single-day rise on April 11, when it jumped by Rs 6,250 in local markets.

So far this year, gold prices have risen by Rs 18,710 or 23.56 per cent from the level of Rs 79,390 per 10 grams on January 1. Gold of 99.5 per cent purity also rose by Rs 1,650 to a new high of Rs 97,650 per 10 grams, compared to its previous closing price of Rs 96,000 per 10 grams.

Apart from this, silver prices increased by Rs 1,900 to Rs 99,400 per kg. On Tuesday, silver had closed at Rs 97,500 per kg.

“Gold once again rallied strongly… MCX gold touched a historic high of Rs 95,000 while COMEX gold crossed $3,300, indicating strong safe-haven demand,” said Jatin Trivedi, Vice President (Research Analyst) of Commodities and Currencies, LKP Securities.

Trivedi said the rise was due to geopolitical uncertainty and the absence of any constructive progress in tariff talks between the US and China. Unless there is a tangible result of reducing tensions, gold is likely to remain at higher levels.

Globally, spot gold hit a record high of $3,318 an ounce. Later, it pared some gains and traded at $3,299.99 an ounce.

Silver rose nearly two percent to $32.86 an ounce in Asian trading hours.

Market participants are now monitoring macroeconomic data, including US retail sales and industrial production, for further signals on the US Federal Reserve’s interest rate cycle, said Sawmil Gandhi, senior commodity analyst at HDFC Securities.

Related Articles:-

Property Tax Rebate 2025: Government is giving special discount on depositing property tax, offer is till 30th April

Vande Bharat Express runs from New Delhi to Vaishno Devi, know its timing, fare and stoppage

Property registration: Reduce the cost of Stamp Duty in property registration by following these 4 legal methods

The post Gold and Silver Price: Gold rises by Rs 1,650 to Rs 98,100 per 10 grams; silver shines by Rs 1,900, check latest price first appeared on Rightsofemployees.com.

Gold Silver Rate: On Wednesday, the price of gold rose by Rs 70 to Rs 66,320 per 10 grams in the bullion market of the national capital. HDFC Securities gave this information. In the last trading session, gold had closed at Rs 66,250 per 10 grams. Silver price also increased by Rs 150 to close at Rs 76,650 per kg. In the previous trading session, it had closed at Rs 77,500 per kg.

HDFC Securities expert Saumil Gandhi said that the spot price of gold (24 carat) in Delhi markets was trading at Rs 66,320 per 10 grams, which has closed with an increase of Rs 70 from the previous closing price. He said a weak rupee in the domestic market pushed up gold prices, but demand remained weak.

In the international market Comex (commodity market), spot gold was trading at $ 2,154 an ounce, which is a fall of five dollars from the previous closing price. Spot gold fell to $2,154.24 an ounce as the dollar index rose along with US bond yields. Also, silver was marginally down at $ 24.84 an ounce. In last trading it was at $24.91 an ounce.

Jatin Trivedi, Head of Research, LKP Securities, said gold is trading in a tight range as investors await the US Federal Reserve’s rate cut in the evening.

Updated ITR Filing: Deadline to file updated ITR is March 31, know everything including rules and procedure here

The post Gold-Silver Price : Gold becomes expensive by Rs 70 and silver by Rs 150, check today’s price first appeared on Rightsofemployees.com.

A continuous decline is being seen in the price of gold and silver. Gold, which reached close to 62,000 in the beginning of May, has now fallen below 60,000. A day before on Tuesday also there was a decline in gold and silver. The same trend continued on Wednesday as well. In the first week of May, gold climbed up to Rs 61739 and silver reached Rs 77280 per kg.

Softening in the rate of gold and silver

There is a slight increase in the rates of both the metals on the Multi Commodity Exchange (MCX). But the situation in the bullion market remains upside down. Even on MCX, the gold rate is running below Rs.60,000. Silver is running at the level of Rs 72,000. In the recent situation, even though a decline is being seen in the price of gold and silver. But experts are expecting a rise in the rates of both the precious metals in the coming times.

Rise in the rate of gold and silver on MCX

On Wednesday, a rise in the rate of gold and silver is being seen on the Multi-Commodity Exchange (MCX). On MCX on Wednesday, gold rose by Rs 53 to Rs 59271 per 10 grams and silver climbed Rs 315 to Rs 72409 per kg. Earlier on Tuesday, gold had closed at Rs 59218 and silver at Rs 72554 per kg on MCX.

The prices of broken gold and silver bullion market are published on https://ibjarates.com . Apart from the rate issued on the website, you have to pay GST and making charge at the time of purchase. On Wednesday, the price of gold fell by Rs 500 in the bullion market and reached Rs 59347 per 10 grams. Similarly, silver fell by Rs 1000 to reach the level of Rs 72173 per kg.

The post Gold Price Today: Now 10 grams will have this much benefit, Here is today’s rate first appeared on Rightsofemployees.com.

Gold and silver prices continue to fluctuate amid the wedding season. As compared to Wednesday, the trend of gold in the bullion markets is already warmer and that of silver is looking softer. On the other hand, there is softening in the price of gold and silver on MCX.

Today, 24 carat gold became costlier by just Rs 44 in bullion markets and opened at the rate of Rs 61539 per 10 grams. Whereas, its futures price on MCX was trading down 0.20 percent at 61150. Similarly, in bullion markets, silver opened at Rs 75688 with a fall of Rs 573 per kg. On the other hand, silver was trading at Rs 75888 on MCX.

Gold is now cheaper by Rs 200 from its all-time high in bullion markets. Let us tell you that on May 6, the spot price of 24-carat gold had reached an all-time high of Rs 61,739 in bullion markets. GST and jewelery making charges are not applicable on this rate of gold and silver.

Metal latest rate Rs per 10 grams 3 percent GST market rate rate after jeweler’s profit

Gold 999 (24 Carat) 61539 1846.17 63,385.17 69,723.69
Gold 995 (23 Carat) 61293 1838.79 63,131.79 69,444.97
Gold 916 (22 Carat) 56369 1691.07 58,060.07 63,866.08
Gold 750 (18 Carat) 46154 1384.62 47,538.62 52,292.48
Gold 585 ( 14 Carat) 36000 1080 37,080.00 40,788.00
Silver 999 75688 (Rs/Kg) 2270.64 77,958.64 85,754.50

Why gold price fell on MCX: After the release of Labor Department’s report on Consumer Price Inflation in April, gold prices on MCX declined marginally today and came down to 61150. The report showed that its consumer price index climbed 0.4% in April after rising 0.1% in March.

Core consumer prices, excluding food and energy prices, also rose 0.4% in April, matching the increase seen in March as well as economists’ estimates. The annual rate of consumer price growth declined to 4.9% in April from 5.0% in March, while the annual rate of core consumer price growth also declined from 5.6% in March to 5.5% in April. This slight decline matches the estimates of economists.

The post Gold Silver Price: Changes in the rate of gold, silver became cheaper by Rs 573 first appeared on Rightsofemployees.com.