Gold Price Today: Gold becomes more expensive by more than Rs 650, silver is close to 64000, check new rates

Gold and silver prices rose today after a day’s fall.

In the international market, the spot gold price rose 1.1 percent to $ 1.901.56 an ounce. This is the biggest rise in gold after April 29. US gold futures were up 1.8 per cent at $1.902 an ounce.

Gold Sliver Price in India: US Federal Reserve (US Federal ReserveGold prices rose on Thursday after the Fed hiked rates. America’s central bank has increased rates to control inflation. US Fed Chairman Jerome Powell said inflation is a risk to the economy. Today in the domestic market after the decision of the Federal Reserve gold and silver prices ,Gold Silver Price) has registered a sharp jump. June futures gold price on Multi Commodity Exchange (24 Carat Gold price) increased by 1.30 per cent per 10 grams. Silver has gained more than gold. Silver prices in July futures registered a rise of 2.91 percent.

According to experts, gold prices have jumped after the Fed rate hike. The increase in the Fed rate by 50 basis points was in line with expectations.

New Gold-Silver Price (Gold Silver Price on 5 May 2022)

on Thursday Multi Commodity Exchange (MCX) June futures gold prices rose by Rs 656 to Rs 51,266 per 10 grams. On the other hand, the price of silver in July futures rose by Rs 1,805 to Rs 63,919 per kg. Let us tell you that in line with global cues, gold fell by Rs 134 to Rs 50,601 per 10 grams in the Delhi bullion market on Wednesday. Gold had closed at Rs 50,735 per 10 grams.

Along with gold, silver prices also declined. Silver prices fell by Rs 169 to close at Rs 62,787 per kg. Silver had closed at Rs 62,956 per kg in the last trading session.

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