After about 4 days in gold prices, the records were seen breaking again. On the day of Holi, the futures market was opened in the Multi Commodity Exchange Second Half and the prices first crossed the level of 88 thousand rupees. Now after 4 days, on January 18, gold prices have reached close to Rs 88,500 and have set a new record. In fact, there is a good rise in gold prices in foreign markets. Gold prices in New York markets have reached the new level.
According to experts, Fed's policy meeting is going to start from March 18. On March 19, the Fed will announce the policy rate. Investors are very excited to see the figures of inflation. He hopes that this time the Fed can cut the policy rate by at least 0.25 percent. Due to which there is an atmosphere of rise in gold prices.
On the other hand, both live political tension and tariff war are maintained. Because of which the attitude of investors is more towards Safe Havan. Apart from this, the purchase of gold from globally central banks is going on continuously. Due to demand, there is an increase in rocket prices in gold. Let us also tell you that from New Delhi to New York, the price of gold has reached.
Gold prices are seeing a rise in the country's futures market multi -commodity exchange and prices are visible at record level. The price of Vaisai Gold has increased by Rs 344 per ten grams to Rs 88,367 per ten grams at 12 noon. However, during the business session, the price of gold reached the record level with Rs 88,499 per ten grams. By the way, the price of gold was closed at Rs 88,023 at ten grams a day earlier. Today i.e. on March 18, when the market was opened in the morning, it saw a rise of about Rs 250 and the price was seen at Rs 88,274 per ten grams.
If we talk about the current year, then there has been a tremendous rise in the prices of gold. The price of gold was Rs 77,456 per ten grams last year's last year. Which increased to Rs 88,499 on March 18. This means that in the current year, the price of gold has been increased by an increase of Rs 11,043 per ten grams i.e. 14.25 percent. Rarely, in any year, in less than 90 days, the prices of gold increased by more than 14 percent. So far in the month of March, gold prices have seen a rise of Rs 6,280, or 7.64 percent.
There is a need of Rs 11,500 per ten grams to reach the price of gold in the country's futures market to reach one lakh rupees. This means that after an increase of about 13 percent more, the price of gold on MCX will reach the level of Rs 1 lakh and above. The special thing is that this can be seen in the next and 75 days. If there is a similar rise in the prices of gold. This is because even 80 days have not been completed in the current year and the price of gold has been increased by 14 percent. In such a situation, in the next 75 days, the prices of gold can be seen by 13 percent.
Not only in the local market but also in the global market, the danka of gold prices is seen ringing. Gold prices in New York's comex market have reached a record level. According to the data, the price of gold future on comex has reached $ 3,023 per onon with a gain of around $ 17 per on. On the other hand, the gold spot is also seeing an increase of around $ 17 per onon and prices have reached the record level with $ 3,017.21 per onon. In the European and British markets, the prices of gold are seeing a good rise. Gold in the European market has increased by about 17 euros to 2,764.44 euros per onon. On the other hand, the price of gold in the British market is seeing an increase of about 14 pounds and the price has become 2,323.68 pounds per on.
