Naiduniya Representative, Indore (Gold Rate Today). The period of rise in precious metals has started again. The festive season, which is the biggest occasion of the year in terms of sales, rising prices may disappoint consumers at such a time.
On Tuesday, the price of gold in the local bullion market again came to the same level as it was last month, i.e. before the budget was presented and tax cuts were made. In fact, the changed circumstances in the Ukraine-Russia war and the possibility of a new front opening between Iran and Israel are increasing the attraction of investors towards gold. As a result, there is a one-sided rise in the prices of gold and silver.
On Tuesday, gold futures rose by $16 to $25.25 an ounce on Comex and silver futures rose by 62 cents to $29.75 an ounce, leading to a sharp rise in the prices of both the metals in the Indian markets.
There is no possibility of a slowdown in gold and silver
In Indore, Cadbury gold increased by Rs 500 to Rs 73600 per ten grams in cash and Chaurasa silver increased by Rs 1500 to Rs 86000 per kg in cash. At present, there is no possibility of any major decline in gold and silver.
Gold futures on Comex traded at $2522 after going up to $2525. It was down to $2497 an ounce. Silver was seen trading at $29.75 after going up to $29.68 and then down to $29.20 an ounce.
Gold and silver rates in Indore bullion market
In Indore Sarafa, the rate of gold Cadbury Rava in cash was Rs 73600, gold (RTGS) Rs 73700, gold (91.60 carat) (RTGS) Rs 67300 per ten grams. On Monday, the rate of gold was at Rs 73100.
The rate of silver chaurasa cash was Rs 86000, silver chaurasa (RTGS) was Rs 86400, silver tanch was sold at Rs 86000 per kg. Silver coin was sold at Rs 950 per piece. On Monday, silver chaurasa cash was at Rs 84500.
Gold and silver rates in Ujjain bullion market
In Ujjain Sarafa, the rate of gold standard was Rs 73700, gold rawa was Rs 73600, silver pat was Rs 86100, silver tanch was Rs 86000. Coin was sold at Rs 1000 per piece.
Gold and silver rates in Ratlam bullion market
In Ratlam Sarafa, the rate of silver square was Rs 86000, silver tanch was Rs 86100, gold standard was Rs 73800 to Rs 73850. (RTGS rate).