After the change in the global market, the prices of gold showed a slight change on Thursday morning, while the price of silver jumped sharply to above 68,000. Let us tell you all that at 9:10 am on the Multimodality Exchange (MCX), the futures price of 24-carat gold fell by Rs 7 to Rs 51,140 per 10 grams. At the same time, the futures price of silver was seeing a sharp rise of Rs 1,151. Let us tell you all that silver had reached 68,000 after almost a month a day ago, but today it was again selling at Rs 68,455 per kilogram, crossing this level.
Let us tell you all that the spot prices of gold in the global market started climbing back this morning and reached the rate of $1,930 per ounce. Yes, and the reason for the rise in the price of gold here has been the increase in interest rates on the part of the US Fed Reserve. At the same time, the spot price of silver in the global market has also increased by $0.75 to $25.46 per ounce.
Let us tell you all that after the US central bank, the Federal Reserve, raised interest rates by 0.25 per cent, the dollar index declined and gold prices in the global market started rising. The price of gold had been declining continuously for the last six trading sessions and during this time, the rate of 10 grams of gold has fallen by about 4 thousand rupees. Let us tell you that due to the first Russia-Ukraine war, the price of gold had increased wildly.
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