There was a rise in the prices of gold and silver in Indore bullion also. In Indore, gold Cadbury rose by Rs 1050 to Rs 77800 per ten grams and silver Chaurasa rose by Rs 1300 to Rs 92250 per kg.
The recent rise in the US dollar seems to be stopping. Geopolitical tension seems to be increasing once again due to the Russia-Ukraine conflict. Due to this, the demand for safe investment in gold has started increasing again. on comex Sleep Silver futures once again jumped by $32 to trade at $2625 an ounce and silver futures were seen trading up by 56 cents at $31.28 an ounce.
Due to this, traders believe that the hope of cutting interest rates by the Federal Reserve in December remains intact. In such a situation, the metal market is becoming stronger. Federal Reserve Chairman Jerome Powell has emphasized a cautious approach to cutting interest rates.
While Boston Fed President Susan Collins stressed that cutting interest rates in December remains uncertain, depending on upcoming data. In such a situation, the market is in doubt, which means the period of fluctuations in gold will continue.
on comex Sleep After going up to $2625, the futures were seen trading at $2626 and below at $2610 per ounce and after going up to $31.28, silver was seen trading at $31.43 and then below at $31.08 per ounce.
Indore closing prices
- Gold Cadbury Rava 77800 Gold in Cash (RTGS)
- 77700 Gold (91.60 carat) (RTGS) was quoted at Rs 71200 per ten grams.
- On Monday, gold closed at Rs 76750.
- Chandi Chaurasa Cash 92250 Chandi Chaurasa (RTGS)
- 92100 silver coins were sold at Rs 92300 per kg and silver coins were sold at Rs 1045 per piece.
- On Monday, Silver Chaurasa Cash closed at Rs 90950.
