The price of gold and silver continues to rise. Silver has made a huge jump today in the futures market on Tuesday. Gold has also become expensive. At 10.08 am on Multi Commodity Exchange (MCX), the price of silver for March delivery contract reached Rs 3,56,709 per kg, a sharp rise of 6.58 percent compared to the previous session. Similarly, the price of gold for February delivery contract also rose by 1.42 percent compared to the previous session and stood at Rs 1,58,260 per 10 grams.
Spot price of gold in metros today
- According to goodreturns, the gold price in Delhi today is ₹16,210 per gram for 24 carat gold, ₹14,860 per gram for 22 carat gold and ₹12,161 per gram for 18 carat gold.
- Gold price in Mumbai today is ₹16,195 per gram for 24 carat gold, ₹14,845 per gram for 22 carat gold and ₹12,146 per gram for 18 carat gold.
- The gold price in Kolkata on Tuesday was ₹16,195 per gram for 24 carat gold, ₹14,845 per gram for 22 carat gold and ₹12,146 per gram for 18 carat gold.
- Today the gold price in Chennai is ₹16,320 per gram for 24 carat gold, ₹14,960 per gram for 22 carat gold and ₹12,475 per gram for 18 carat gold.
- Today’s gold price in Bangalore is ₹16,195 per gram for 24 carat gold, ₹14,845 per gram for 22 carat gold and ₹12,146 per gram for 18 carat gold.
Gold became rocket in global market also
Gold prices rose more than 1% on Tuesday to about $5,070 an ounce, according to tradingeconomics. Earlier in the last session, gold had reached an all-time high above $5,100. The main reason for this is said to be the increase in safe haven demand amid increasing trade tensions and geopolitical uncertainties. On Monday, US President Trump threatened to raise tariffs on cars, lumber and pharmaceutical drugs imported from South Korea, citing no progress in a trade deal announced last year. In addition, duty on other goods was increased from 15% to 25%. Now investors’ eyes are on the two-day policy meeting of the US Federal Reserve, which starts on Tuesday. The decision of this meeting is likely to determine a new direction in the prices of gold and other precious metals.
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