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Gold and silver price in MP: Gold steady due to halt in dollar growth, silver decline continues, look at today’s prices IG News

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Gold and silver price in MP: In Indore on Tuesday, gold was priced at Rs 63875 per ten grams and silver at Rs 71700 per kg.

Author: Lokesh Solanki

Date of publication: Wednesday, February 7, 2024, 02:50 (IST)

Update date: Wednesday, February 7, 2024, 02:50 (IST)

Gold and silver price in MP: Gold steady due to halt in dollar growth, silver decline continues, look at today's prices

Gold and Silver Price in MP: Representative Naiduniya, Indore. As the dollar fell, gold prices also remained stable on Tuesday. The short-term outlook for gold remained poor amid continued concerns about prolonged high interest rates in the US. Especially as the market began to weigh in on the possibility of the Federal Reserve keeping interest rates on hold until June. Strong data on the US economy and dovish comments from Fed Chairman Jerome Powell were key drivers of this sentiment, both of which led to a sharp drop in gold prices over the past two sessions.

Gold Cadbury remained steady at Rs 63875 per ten gram in Indore on Tuesday. At the same time, due to weak silver purchases and recession in foreign markets, a recession was also recorded in Indore. In Indore, chaurasa silver was seen falling by 24 cents to USD 22.46 an ounce. The dollar rose to its highest level in nearly three months, while higher long-term interest rates also pushed US Treasury yields up sharply, putting additional pressure on gold. On the Comex, gold was seen trading above $2029 and below $2023 an ounce, while silver was seen above $22.46 and below $22.29 an ounce.

Gold and Silver Closing Prices in Indore

Cadbury Rava gold was quoted at Rs 63875 cash, gold (RTGS) at Rs 64100 and gold (91.60 carat) at Rs 58715 per ten gram. Gold closed at Rs 63875 on Monday. While the price of Chandi Chauras was Rs 71700, Chandi Tunch was Rs 71875 and Chandi Chauras (RTGS) was Rs 71475 per kg. Silver closed at Rs 71875 on Monday.

Gold and Silver Prices in Ujjain Bullion Market

The price of gold standard was Rs 63975 and gold rava was Rs 63900 for ten grams. At the same time, silver price was Rs 72100 and tunch silver was Rs 72000 per kg. The coin was priced at Rs 800 per piece.

Gold and silver prices in Ratlam bullion market

Gold standard was priced at Rs 64200 and raw gold was priced at Rs 64150 for ten grams. At the same time, Chauras silver was quoted at Rs 71850 and Tunch silver at Rs 71950 per kg.

  • ABOUT THE AUTHOR

    He started his career as a computer operator in Navbharat Indore in 1993. After that he joined Dainik Bhaskar as proofreader in 1995. In 1995, he worked as a page maker in the evening daily Agnibaan.

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