- Gold and silver price in Indian futures market is showing gains today
- Gold price on Comex rose to $ 1791.55 an ounce, the highest level since 2012
- new Delhi. The glow of gold has increased once again from the havoc of Corona. On Wednesday, gold price reached a new high in the domestic futures market, while gold in the international market is at an eight-year high and ahead of the yellow metal at $ 1800 an ounce. The challenge is to break the psychological level of. Coronavirus ( coronavirus)The rising trend of investors towards bullion as a safe means of investment by rekindling the outbreak of Crisis has led to a strong uptick in gold in the global market, which has also led to the rise of gold in the Indian futures market. Gold on the Multi Commodity Exchange rose to Rs 48,333 per 10 grams on Wednesday, which is the highest level of gold price on MCX. Meanwhile, gold on the international futures market Comex rose to $ 1791.55 an ounce, which is the highest level since 2012.Bank and Unemployment Rate data boost share market, Sensex at 100-day highAlso Read: SARWA” The financial investment project that started in Dubai
Gold at record level In
the August expiry contract of gold on the domestic futures market MCX was trading at Rs 48,300 per 10 gram, up by 68 rupees from the previous session at 10.05 am on Wednesday, while before the gold price was strong foreign signals Opened at Rs 48,333 per 10 grams, which is the highest level till date. Although the silver expiry in the July expiry contract for the previous session was trading at around Rs 48,785 per kg, while the price of silver was up by Rs 48,803 per kg earlier.Unemployment rate halved, conditions made before lockdown
At the 12-year high, the gold price
on Comex was trading at $ 1785.80 an ounce, an increase of $ 3.80, or 0.21 per cent, from the previous session in the August contract. Comex was trading at $ 18.08 an ounce in the July contract for silver, up 0.11 percent from the previous session.For the first time in history, Diesel surpassed Petrol
An increase in prices due to corona,
Anuj Gupta, deputy vice president of Angel Broking and an expert on commodity markets, said that with the reoccurrence of the corona epidemic, the trend of investors is increasing towards safe investment this time, due to which the yellow metal prices Is getting support Gupta said that there is a possibility of slowdown in the world big economies, due to which investor demand for gold may remain and further price rise can be seen.
Reducing policy interest rates
According to commodity market analysts, central banks in other countries of the world, including the US central bank Federal Reserve, have cut policy interest rates in the Corona period, to protect the economy from the economic challenges caused by the epidemic. Market analysts point out that this reduction in interest rates has increased the investment trend towards expensive metals and will continue to support bullion even further.
