Gold Silver Price: The reason for the rise in gold and silver is the US FED keeping the interest rates stable and indicating further cuts. Due to this the dollar index has slipped below 102. The 10-year bond yield has also slipped below 4 percent.
Gold Silver Price: Due to good global signals, the bullion market continues to rise. The prices of gold and silver are also increasing on Friday. Because there is a softening in the dollar index and American bond yields. As a result, gold prices are soft in foreign and domestic markets. The price of gold has crossed Rs 62500 per 10 grams in early trade.
Gold price in domestic market
There is a rise in gold and silver in the domestic futures market. The gold rate on MCX is trading at Rs 62530 per 10 grams with a rise of about Rs 100. The price of silver is also trading with a slight increase of Rs 70. The price of silver on MCX is trading at Rs 75150 per kg.
Gold and silver in foreign markets
The prices of gold and silver are increasing in the international spot market. The price of gold has reached a 10-day high. The rate of gold on COMEX is trading at $ 2050 per ons. The price of silver is also trading near $24.50 per ons.
Why is there a rise in gold and silver?
The reason for the rise in gold and silver is the US FED keeping the interest rates stable and indicating further cuts. Due to this the dollar index has slipped below 102. The 10-year bond yield has also slipped below 4 percent. As a result, gold and silver prices are getting support.
