If you are thinking of buying gold jewellery, then you have a golden opportunity. There has been a decline in gold prices since last week. At the same time, a rise has been seen in silver. Let us know the rates of every city in the news below-
In the last trading session of the week, the price of gold declined while the price of silver rose. In Delhi bullion market, gold fell by Rs 170 to Rs 60 thousand per 10 grams. Silver closed at Rs 75300 per kg with a rise of Rs 800. In the international market, gold fell to $ 1925 an ounce, while silver rose to $ 23.70 an ounce.
How expensive or cheap is gold and silver on MCX?
Gold on MCX closed at Rs 58941 per ten grams this week. Last week it had closed at the level of 58993. Overall it was flat. Silver closed this week at the level of Rs 73350 per kg. Last week it had closed at Rs 72154. Overall it has increased by about Rs 1200.
what is the price of 24 carat
According to the information available on the website of IBJA i.e. Indian Bullion Jewelers Association, the price of 24 carat gold was Rs 5913 per gram. The price of 22 carat was Rs 5771, the price of 20 carat was Rs 5263, the price of 18 carat was Rs 4790 and the price of 14 carat was Rs 3814 per gram. This does not include 3 percent GST and making charge.
Bond yields rise due to Fed’s commentary
The US Federal Reserve did not increase the interest rate again this time but talked about increasing the interest rate once again. Due to this, there was a tremendous rise in bond yields and dollar index. This had a negative impact on the commodity market. In the last trading session of the week, the market digested this news due to which the decline remained limited. The 10-year US bond yield is currently at a 16-year high. At the same time, the dollar index is at a six-month high.
Crude boils
Here crude oil is rising. Russia decided to ban oil supply, due to which sentiment was affected. Brent crude future has crossed $94. However, the price of crude remained almost flat this week. In the last three weeks, it had jumped by about 10 percent due to supply crisis.
