Brijendra
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There is a record rise in the price of gold and silver (Gold Price All Time High). On 23 October 2024, the price of gold reached a new record level (Gold News). It is known that silver had crossed the level of one lakh rupees a day earlier. Know what level gold has reached today.
Gold reached a record high of Rs 78760 per 10 grams on MCX (Gold Rate Today). On the other hand, the December futures of silver (Silver Rate Today) is close to Rs 1 lakh per kilogram. Gold is also up in the global market. Know how much the price has increased there and what are the reasons for this rise.
Gold rose 0.17 percent to $2764.40 per ounce on COMEX. But silver was currently trading at a lower level of $34.95. Gold has gained momentum despite the US dollar remaining at its peak in more than two months.
Why is gold becoming expensive? According to market experts, the rise in the price of gold is due to the increase in investment demand. According to analysts, investors are keeping an eye on the ongoing changes in the Middle East. Apart from this, the ongoing uncertainty regarding the US presidential elections and the possibility of rate cuts by central banks are also affecting gold.
Why is there a surge in the price of silver? Along with these signs, the rising industrial demand is also affecting silver. Along with this, the demand for silver jewellery and silver utensils is also increasing.
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