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Gold Prices At Record High: Gold prices have again reached record high levels. Due to the rapid rise in gold prices in the international market, the prices in the domestic market reached Rs 62000 per 10 grams. On Thursday, a jump of Rs 940 has been seen in the price of gold in the bullion market. While gold had closed at Rs 61,080 per 10 grams in the last trading session.
Not only in the bullion market but also on the commodity exchange MCX, there has been a record jump in gold prices. Gold prices on MCX have risen by 1.26 per cent or Rs 768 and the price has reached Rs 61,733 per 10 grams. There has also been a rise in the prices of silver. In the bullion market, the price of silver also increased by Rs 660 to Rs 76,700 per kg, while on MCX, silver closed at Rs 76,361 per kg with a jump of Rs 961.
The US Federal Bank increased interest rates by a quarter of a percent on Wednesday. And the Fed has indicated that in the next Fed meeting, strict monetary policy may be banned. Due to the fall in bond yields, there has been a sharp rise in the prices of gold. In overseas markets too, gold rose sharply to $2,039.50 an ounce, while silver rose to $25.50 an ounce. After the global economic situation that is visible, there is a possibility of further increase in the prices of gold. But rising gold prices have two sides. Those who have invested in gold in the hope of better returns are getting excellent returns on their investment. But those who have marriage of their near and dear ones in the coming wedding season, their pocket is going to be cut.
However, in 2023, the price of gold is constantly touching new heights. In 2013, gold was trading at Rs 29000 per 10 grams and in just 10 years, gold prices have increased by Rs 33000 per 10 grams. That is, in 10 years, the price of gold has increased by 113 percent.
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