On Friday, the price of gold saw a small boost. The cost of 24-carat gold has increased by Rs. 1014.0 to Rs. 6420.6 per gram. The cost of 22-carat gold has increased by Rs. 930.0 to Rs. 5881.3 per gram. 24-carat gold saw a 1.23% gain in price over the previous month, but only a 0.34% price change over the previous week.
The price of silver is Rs.74900.0 per kg, down by Rs.900.0 per kg. The gold April 2024 MCX futures were trading at Rs.62050.0 per 10 gm. The silver July 2024 MCX futures were trading at Rs.73232.0 per kg.
Variations in the global demand for gold are caused by several factors, including exchange rate movements between nations, prevailing interest rates, and regulatory restrictions on the gold trade. Further factors influencing gold prices in the Indian market are world events, such as the status of the world economy and the US dollar’s strength relative to other currencies.
