Gold Prices At Record High: Gold prices have reached a new historical high. In the bullion market of Delhi NCR, gold has reached a record high of Rs 67,450 per 10 grams with a jump of Rs 1130 in a single trading session. In the last trading session, gold had closed at Rs 66,320 per 10 grams. Experts believe that gold can touch a record high of Rs 70,000 in 2024.
Gold price rose by Rs 1100 in a single session
According to HDFC Securities, there has been a strong rise in the price of gold due to strong global signals. Due to these signals, the price of gold rose by Rs 1130 and reached a record high of Rs 67,450 per 10 grams. The price of silver also saw a rise of Rs 1,100 and closed at Rs 77,750 per kg. In the previous trading session, the price of silver was Rs 76,650 per kg.
Support is being received from the purchases of central banks
Dilip Parmar, Research Analyst, HDFC Securities, said, the spot price of 24 carat gold in Delhi markets was trading at Rs 67,450 per 10 grams, which is an increase of Rs 1,130 from the previous closing price. He said that spot prices of gold on Comex were supported by rising geopolitical risks and buying by central banks. On the international commodity market Comex, gold was trading at $ 2,202 an ounce, which was $ 48 from the previous closing price. There is an edge. There is also a rise in the prices of silver and it was trading at $ 25.51 per ounce, in the last session it was at $ 24.84 per ounce.
Gold can go up to the level of 70,000
Colin Shah, MD of Cama Jewellery, said, the US Federal Reserve has indicated to cut interest rates three times by the end of this year, due to which gold has reached a new high in the domestic market. After this record rise, the attention of investors will be attracted towards investing in gold, due to which investors are confident that this year gold can cross the figure of Rs 70,000. However, he said that there is a need to be cautious about the prices of crude oil which can put pressure on the ongoing rise in gold prices in the domestic and international markets.
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