The price of gold touched all -time height in India on Tuesday. The price of gold on the Multi Commodity Exchange (MCX) touched its new all -time high levels of Rs 91,400 per 10 grams. According to the news of Goodreturns, the price of 24 carat gold is above Rs 92,000 per 10 grams. Silver prices also saw a rise. Investors’ concern has increased about the economic recession due to trade tension and the upcoming tariff implementation of Trump on 2 April. Its support was given to gold.
Silver on MCX
According to the news, the silver prices were also rose on MCX, however, it is trading close to its highest level. Meanwhile, silver prices at MCX with the end of April 30 are trading at Rs 1,00,600 per 1 kg with a gain of 0.6% to Rs 1,00,600 per 1 kg after touching the Intrade high of Rs 1,00,900 per 1 kg. The highest level of MCX silver so far is Rs 1,04,108 per 1 kg.
Gold will reach 1 lakh this month
From the latest record high level, MCX gold is just Rs 8,600 away from touching a mark of Rs 1,00,000 for the first time. Due to global uncertainties, the price of gold in April is more likely to reach Rs 1 lakh. At retail shops, 24k gold is priced at Rs 92,840 per 10 grams, while 22k and 18k gold prices are Rs 85,100 and Rs 69,630 per 10 grams. The price of gold in India is the highest compared to other countries. If you want to understand with the example, then know that the price of 24 carat gold is Rs 90,890 per 10 grams in Australia, Rs 85,910 per 10 grams in Canada, Rs 86,570 per 10 grams in England and Rs 85,890 per 10 grams in America.
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