Gold became expensive 48 hours before Raksha Bandhan, the price again crossed 59 thousand

Due to increase in demand and lack of interest hike next year, there has been an increase in the dollar index, due to which the global bullion market is seeing a boom today, the effect of which is clearly visible in India as well.

The festive season has started in the country and before 48 hours of Raksha Bandhan, there has been a spurt in the prices of gold and the price has crossed 59 thousand. This is the first such opportunity after August 14 when the price of gold has crossed 59 thousand. Whereas on Monday the gold price came at 59,000, but did not go beyond it. If experts are to be believed, due to the fall in the dollar index, there is an atmosphere of rise in the prices of gold. On the other hand, due to the festive season in India, there is an atmosphere of rise in the price of gold. According to experts, the price of gold here can cross 62 thousand till Dhanteras. This means that an increase of more than 3000 thousand rupees can be seen from the current level.

Gold in India crossed 59 thousand

Gold prices reached a 15-day high on India's futures market MCX. According to statistics, the price of gold has crossed 59 thousand, which has been seen for the first time after 14 August. At present, i.e. at 1.43 am, the price of gold was seen trading at Rs 58958 with a gain of Rs 71 per ten grams. Gold price also reached Rs 59009 per ten grams during the trading session. By the way, on Monday the price of gold was locked at Rs 58,887. By the way, since this morning, there was an upward trend in the price of gold and it opened at Rs 58,949.

Condition of silver in futures market

On the other hand, the condition of Moon has been better in the futures market for a few days, but today MCX is seeing a decline. According to the data, the price of silver fell by Rs 47 thousand and is trading at Rs 73565 per kg. By the way, during the trading session, the price of silver also went to the day's high with Rs 73,840. If we talk about the morning, then the price of silver had closed at Rs 73700. A day ago the price of silver was Rs 73,612.

Gold price on foreign land

Gold futures have crossed $1950 even on foreign soil. According to data, gold futures on Comex are trading at $ 1,950.40 an ounce with a gain of more than $ 3.60 an ounce. The price of gold spot is trading at $ 1,923.45 per ounce with a gain of $ 3.28 per ounce. Talking about the price of silver, futures silver is trading at $ 24.62 per ounce and gold spot at $ 24.26 per ounce.