On Friday, gold prices crossed Rs 66 thousand for the first time.
Gold prices are showing no signs of slowing down in the month of March. All the countries of the world are having sleepless nights. Those investing in gold are jumping with joy. He has earned more than 6 percent in the month of March alone. The special thing is that in the last 120 hours the price of gold has made a record 5 times. On the last trading day of the week, the price of gold crossed Rs 66 thousand for the first time. On the other hand, gold prices have reached record levels even on foreign soil. The main reason for the rise in gold prices is believed to be the possible cut in interest rates by the Fed. On the other hand, the kind of economic figures seen in America is also being considered as the reason. Let us also tell you what the price of gold has become from New York to New Delhi.
Gold crosses 66 thousand for the first time
Late on Friday evening, gold prices crossed Rs 66 thousand for the first time. According to Multi Commodity Exchange data, the price of gold reached an all-time high of Rs 66,356 per ten grams. However, on Friday, gold prices had opened a day earlier at Rs 65,599 per ten grams. After the market closed, the price of gold appeared at Rs 66,023 per ten grams. However, on Friday, the country's futures market was opened in the second half i.e. at 5 pm due to Mahashivratri. It closed at 11:55 pm.
Record made 5 times in 120 hours
By the way, the price of gold has given sleepless nights to the whole world. In the last 120 hours, the price of gold has set records 5 times. Before Friday, on March 4, gold had set a record of Rs 64,575, breaking the record of December 4, 2023. After that, the next day on March 5, gold crossed the level of Rs 65 thousand for the first time and set a new record with Rs 65,140. On March 6, the price of gold had reached a new record high of Rs 65250. On March 7, the price of gold had reached a life time high of Rs 65,587. On March 8, the price again crossed the level of Rs 66 thousand. This means that the record level has been crossed 5 times in 5 days i.e. 120 hours. According to experts, the rise in gold prices is likely to continue.
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Increase of about Rs 3800 in March
In the month of March, an increase of about Rs 3800 has been seen in the price of gold. On the last trading day of February, the price of gold was at Rs 62,567. Whereas on March 8, he reached life time with Rs 66,356. This means that the price of gold has seen an increase of 6 percent i.e. Rs 3,789. If someone has invested in 100 grams of gold, then in the month of March itself the investors would have made a profit of around Rs 38,000. If we talk about the last one year, an increase of more than Rs 11,000 has been seen in the price of gold. This means that in the last one year, investors have got returns of more than 20 percent.
Boom in foreign markets too
On the other hand, there has been a rise in the price of gold in foreign markets also. The price of gold future on Comex crossed the level of $ 2200 per ons. According to the information, Comex gold future hit a life high of $ 2202 per ons. Whereas the price of gold spot reached a life time high of $ 2195 per ons. However, after the market closed, gold future appeared at $ 2,185.50 per ounce with a rise of $ 20.30 per ounce. On the other hand, gold spot prices increased by $ 18.97 per ounce and closed at $ 2,178.95 per ounce.
Source: www.tv9hindi.com
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