Gold and Silver Prices Rise Amid Market Optimism
Gold price climbs ₹10 to ₹1,55,360; silver up ₹100, trades at ₹2,70,100
Business Standard
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On Thursday, the price of 24-carat gold increased by ₹10, reaching ₹1,55,360 per ten grams, while silver rose by ₹100 to ₹2,70,100 per kilogram. The rise is attributed to a weaker dollar and positive sentiment surrounding potential US-Iran negotiations.
- 0124-carat gold price is now ₹1,55,360 per ten grams.
- 02Silver price has increased to ₹2,70,100 per kilogram.
- 0322-carat gold is priced at ₹1,42,410 per ten grams.
- 04Gold prices are influenced by a weaker dollar and US-Iran deal optimism.
- 05Spot gold rose 0.9% to $4,830.66 per ounce.
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The price of 24-carat gold rose by ₹10 to reach ₹1,55,360 per ten grams on Thursday, while silver prices increased by ₹100, trading at ₹2,70,100 per kilogram. The price of 22-carat gold also saw a rise of ₹10, settling at ₹1,42,410 per ten grams. Regional variations in gold prices were noted, with Chennai showing higher rates for both 24-carat and 22-carat gold. The increase in gold prices is attributed to a weaker dollar and growing optimism surrounding potential negotiations between the US and Iran, which could impact energy prices and inflation. In global markets, spot gold rose 0.9% to $4,830.66 per ounce, while silver and other precious metals also saw gains.
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The rise in gold and silver prices may affect consumers looking to buy jewelry or invest in precious metals, leading to higher costs.
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