Today in India, the price of gold went up. This news comes from data provided by India’s Multi Commodity Exchange (MCX). The cost of gold was 73,280 Indian Rupees (INR) for every 10 grams, which is INR 250 more compared to yesterday’s price of INR 73,030.
If we look at futures contracts, the price of gold dropped slightly to INR 72,635 per 10 grams from INR 72,898 per 10 grams.
Meanwhile, the prices for silver futures contracts went up a bit, reaching INR 83,280 per kilogram from INR 83,273 per kilogram.
| Major Indian city | Gold Price |
|---|---|
| Ahmedabad | 75,735 |
| Mumbai | 75,675 |
| New Delhi | 75,645 |
| Chennai | 75,820 |
| Kolkata | 75,835 |
Global Market Movers: Comex Gold Price Shines Amid Rising Geopolitical Tensions
The price of gold on Comex, a big market for trading gold, stays strong as the world watches carefully due to worries about what’s happening in different countries. There are reports that Israeli missiles hit a place in Iran, which makes people even more cautious.
News from Iran’s Fars News Agency says there were explosions at the Isfahan airport. This makes the situation tense and uncertain, which often causes the price of gold to go up because people see it as a safe investment during uncertain times.
However, there are some factors that might keep the price of gold from rising too much. One is that the value of the US dollar is going up, which can make gold seem less attractive to investors. Also, the US Federal Reserve, which manages the country’s money, has been saying things that suggest they might not change their policies soon. This makes the US dollar stronger, which can lower the price of gold.
