Gold Price Today, 16th July: Amid positive sentiments in the international market, the shine of gold has increased in the Indian markets as well. Yesterday, gold rose by Rs 200 in the domestic market and closed near Rs 73,500. Today too, an increase is seen here.
Gold Price Today: The prices of gold and silver are seen returning to their highs. Amid positive sentiments in the international market, the shine of gold has also increased in the Indian markets. Yesterday, gold closed near 73,500, up by Rs 200 in the domestic market. Today also, there is an increase here. On MCX, gold was trading at Rs 73,586 per 10 grams with a gain of Rs 115 (0.16%). Yesterday it closed at 73,471. At the same time, silver was trading at Rs 92,845 per kg, up by Rs 273 (0.29%). Yesterday it closed at 92,572.
Gold rose in the international market
Spot gold was on the rise in the international market. At the same time, US gold futures were flat at $ 2,429 an ounce. US Fed Chairman Jerome Powell has once again said that he will not wait for the inflation rate to fall to 2% to cut the policy interest rates. This has increased the possibility of a rate cut in September. Due to this, US spot gold was trading 0.1% higher at $2,423 an ounce.
What are the prices in the bullion market?
Gold closed with a gain of Rs 50 at Rs 75,150 per 10 grams in the bullion market of the national capital on Monday due to fresh buying by jewelers in the local market. According to the All India Sarafa Association, gold closed at Rs 75,100 per 10 grams on Saturday. The association said that gold prices remained strong amid a rise in domestic demand. The price of silver fell by Rs 500 to Rs 94,000 per kg. In the previous session, silver closed at Rs 94,500 per kg.
