There is a boom in the market: gold became expensive, silver also jumped

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News India Live, Digital Desk: Today the Multi Commodity Exchange (MCX) has seen a significant jump in gold and silver prices. In particular, gold has shocked investors by making tremendous jump. Its direct effect is also being seen on the customers’ pockets, because the prices of metals have reached above the previous days. If you talk about gold, today, 24 carat gold prices have reached Rs 64,888 for ten grams, with a big increase of Rs 1743 as against the previous trading session. In the last session, 10 grams of gold closed at Rs 63,145. However, it is still slightly below its all -time high level, which was recorded at Rs 65,511 per ten grams. Despite this new level, it is quite close to historical heights, which shows a strong lifting in the market. There has also been a big increase in the price of one kilogram of silver. This metal has reached Rs 78,575 per kg with a huge increase of Rs 4975. Earlier, one kilogram of silver was trading at Rs 73,600. Like gold, silver is also less than its all -time high level, reaching Rs 85,980 per kg. However, this existing edge is an important indication for both investors and buyers. This bounce in prices is mainly believed to be due to global market pressure. The growing inflation in the US and the decline in Dollar Index has made precious metals more attractive. Typically, when the dollar is weak and inflation increases, investors move to gold and silver as a safe investment, leading to their demand and price increase. This trend suggests that the global economic environment remains uncertain, due to which people are seeing gold and silver as a reliable property.

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