Gold Prices At Record High: The shine of gold is not stopping. On Thursday, gold again reached a new historical high. In the bullion market of Delhi NCR, gold has risen by Rs 500 and reached the level of Rs 65,650, which is its record high, whereas in the last trading session, gold had closed at the level of Rs 65,150 per 10 grams. style="text-align: justify;">Soumil Gandhi, Senior Commodity Analyst at HDFC Securities, said, gold prices have seen a rise for the third consecutive day, after which the price has reached a lifetime high. He told that in Delhi, gold has reached Rs 65,650 with a rise of Rs 500 per 10 grams. He told that due to the signals coming from international and overseas markets, this change is being seen in the prices of gold.
In the international market, gold on Comex is trading at $2152 per ounce with a rise of $30 per ounce. However, in the international market, gold has also touched the level of $ 2161.50 per ounce. There has also been a rise in the prices of silver and it has increased by Rs 400 to reach Rs 74,900 per kg.
In fact, Jerome Powell of the Federal Reserve Bank again indicated that the US Central Bank may cut interest rates this year. He said that the objective of the US Federal Reserve is to create more employment and bring stability in prices for the American people so that people can get relief from inflation. He said that the policy rate is at its peak and there are chances of interest rate cut this year. However, he said that to do so, the Federal Open Market Committee needs to have confidence.
If there is a rise in gold prices in the international market, it is affecting the domestic market in India too. Due to increasing demand and consumption, a rise in gold prices is being seen in the domestic markets also. The rise in gold prices is not going to stop here. Experts believe that gold can touch the level of Rs 70,000 per 10 grams in 2024.
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