Gold Price Today on 11th July 2024 : Due to fresh buying by jewelers and firm trend in the international markets, gold on Thursday closed up by Rs 50 at Rs 75,100 per 10 grams in the bullion market of the national capital. All India Bullion Association gave this information. On Wednesday, gold had closed at Rs 75,050 per 10 grams. The price of silver also increased by Rs 100 to Rs 94,500 per kg. In the previous session, silver had closed at Rs 94,400 per kg. The association said that in the bullion markets, gold is trading at Rs 75,100 per 10 grams, up by Rs 50 compared to the previous closing price. Market sources said that the rise in gold prices was due to fresh demand from local jewelers and strong trend in foreign markets.
Gold and silver at global level
In the international markets, spot gold was trading at $ 2,389.20 an ounce, up by $ 9.50 an ounce. Manav Modi, Senior Analyst (Commodity Research), Motilal Oswal Financial Services Ltd (MOFSL) said investors are awaiting the US inflation data due today for more information on the Federal Reserve’s interest rate hike, which will keep gold prices under pressure. Strengthened for the third consecutive session. In New York, silver also rose marginally to $ 31.32 an ounce.
futures price of gold and silver
A significant rise in the prices of gold and silver was also seen in the futures market on Thursday evening. On Thursday evening, gold for delivery on August 5, 2024 was seen trading at Rs 73,200 per 10 grams with a rise of 0.73 per cent or Rs 532 on the MCX exchange. At the same time, silver for delivery on September 5, 2024 was seen trading at Rs 94,280 per kg with an increase of 1.56 percent or Rs 1448.
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