Recent Gold Price: Exciting News! Significant increase in the price of gold and silver; see the most recent price today

 Recent Gold Price: Exciting News! Significant increase in the price of gold and silver; see the most recent price today

Recent Gold Price: Exciting News! Significant increase in the price of gold and silver; see the most recent price today

Gold Silver Price: The price of gold has climbed by 2.5 percent on the global market to $2050 per ounce. Silver has also surpassed $24 per ounce, a phenomenal 5% gain in price.

Gold Silver Price: On Thursday, the bullion market is experiencing a storm. Prices of silver and gold on MCX have increased by 2–4%. Both the global and local markets are seeing record-breaking rallies. Gold is now priced at around $2050 per ounce on COMEX. The US Central Bank's decision, which included signs of interest rate reduction, is what caused the significant increase in gold and silver prices.

The cost of gold is rising across the nation.

Gold prices on the local futures market are on a meteoric ascent. With a rise of Rs 1200, the price of gold on the MCX is now around Rs 62400. Additionally, the price of silver has increased by around 4% to Rs 74300 per kg. The price of silver has increased by almost Rs 2700 today.

Silver and gold in international markets

The price of gold has surged by 2.5 percent on the global market, reaching $2050 per ounce. Silver has also surpassed $24 per ounce, a phenomenal 5% gain in price.

Why are gold and silver prices rising?

The US Federal Reserve's decision is the cause of the bullion market's recent surge. The central bank opted to maintain constant interest rates for the third time in a row at its meeting in December. The unique aspect is that there are signs of a decline in 2024. Interest rates may be lowered three times under this. The dollar index and US bond rates also fell as a consequence, hitting a four-month low.