Jump In Gold And Silver Price Today

Gold Price Today 5th July 2022: There has been a big jump in the price of gold and silver again. Ever since the government has increased the import duty on gold by 5 percent, the price of gold has been increasing since then.

In just two trading sessions, gold has become expensive by about Rs 1,700 and has once again crossed 52 thousand. Not only this, the futures price of gold is the highest in two months today.

This morning, the futures price of 24-carat gold of 24-carat purity has increased by Rs 323 to Rs 52,240 per 10 grams on the Multicommodity Exchange, while silver futures on MCX rose by Rs 58 to Rs 57,800 per kg in the morning.

At the same time, at the beginning of trading today, gold was at the level of Rs 52,050 per 10 grams. But due to the impact on the supply, soon there was a boom in it.

Gold is trading at a jump of about 0.6 percent from its previous closing price, while silver is seen up 0.10 percent from its previous close. In fact, the government increased the import duty on gold from 7.5 percent to 12.5 percent on Friday, which is directly affecting the prices.

There is a fall in the price of gold in the global market. The spot price of gold in the US market today stood at $ 1,812.40 an ounce, while the spot price of silver came down to $ 19.86 an ounce. At the same time, the spot price of Platinum is $ 886, which is 0.56 percent lower than the previous closing price. The spot price of palladium came down to $1,860. That is, lethargy is going on in the global market at this time.

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