Brijendra
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Gold Silver Price Record High: On Monday, the price of gold reached a new record high (Gold Price Today). Silver also reached a new high due to good spot demand and positive global signals.
Gold with December 5 expiry on MCX reached a new record high of Rs 78,260 per 10 grams, while silver with December 5 expiry on MCX reached Rs 98,224 per kg (Silver Price Today).
At the same time, silver with expiry date of 5 March 2025 reached an all-time high of Rs 1,00,564 per kg. Know further what is its price in the global market and why the price is increasing.
Global market also rose Talking about the global market, gold was seen trading 0.46 percent higher at $2742.50 per ounce on COMEX. During this time, silver was trading at $34.20 per ounce with a rise of 2.91 percent.
Why was the price of gold and silver affected? The price of gold and silver has been affected due to reasons such as geopolitical tension, macroeconomic uncertainty, stability of the dollar index and reduction in interest rates. The demand for gold in top consumer China has been affected amid high prices and economic slowdown.
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