Gold rate of 9th June: Gold-silver price rise, know what has happened now

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Cheap gold will be available from tomorrow

Gold rate of 9th June: Gold-silver price rise, know what has happened now- On Wednesday, once again there is a slight rise in the futures prices of gold. On MCX, gold for delivery in August opened with a gain of Rs 23 in the morning. At 11.30 am, it was trading at Rs 49,181 per 10 grams with a gain of Rs 54. It touched a high of Rs 49,196 and a low of Rs 49,111 in the morning session. There is a slight increase in the price of silver. Silver for July delivery was trading higher by Rs 38 at 11.30 am at Rs 71269 per kg.

Bullion prices also rise

On Tuesday, gold rose by Rs 190 to Rs 48,320 per ten grams (Gold price today) in the Delhi bullion market amid a fall in the exchange rate of the rupee. HDFC Securities has given this information. In the last trading session, gold had closed at Rs 48,130 per 10 grams. Similarly, silver also increased by Rs 125 to Rs 70,227 per kg (Silver price today). In the previous session, the closing price of silver was Rs 70,102 per kg.

gold price will rise

Analysts of Motilal Oswal say that due to Corona epidemic, continuation of liquidity measures, fear of rising inflation, economic growth on the basis of debt, trade war between US and China and many other reasons, there has been a positive sentiment towards gold. Due to this, there is every possibility of further increase in gold prices. This is the reason why analysts and fund managers are anticipating a rise in gold.

Tips to increase investment in gold

Kshitij Purohit, Lead-Commodities and Currency at CapitalVia Global Research said that gold can reach the level of Rs 51,700 in the coming days. Considering the possibility of a rise in gold prices, fund managers are advising investors to increase the share of gold in their portfolios. He says investors should increase the share of gold in their portfolio to 10-15 per cent.

Corona changed people’s habits

The coronavirus pandemic (Covid-19 pandemic) has changed many things in the world. These also include the gold buying habits of Indians. Traditionally, people of the country have come to buy gold from their family jewelers but Corona is changing this tradition. Now a large number of people are turning to retail stores to buy gold. India is the second largest gold market in the world which is dominated by family jewellers.

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