New Delhi: The festival season has begun. With the beginning of the festival, the demand for gold has increased. Due to the increase in the demand for gold and geopolitical activities, the prices of gold have also increased. Today also the prices of gold and silver have increased. The prices of gold and silver have been released in the bullion market.

Market experts say that due to increased customer purchases during the festive season, the demand for precious metals in the domestic market has strengthened to record levels. Investors are considering the yellow metal as a safe haven amid uncertainty due to the ongoing tension in the Middle East and the upcoming US presidential elections.

what is the price of gold

According to the All India Sarafa Association, gold rose by Rs 550 to a record high of Rs 79,900 per 10 grams in the national capital due to strong festive season demand. The price of 24 carat gold closed at Rs 79,350 per 10 grams on Thursday.

Gold prices have been rising for the last three days. In these three days, the price of gold has jumped by Rs 550. In the last session, the price of 22 carat gold was Rs 78,950 per 10 grams.

In futures trading, gold for December delivery was trading at Rs 77,620 per 10 gram on the Multi Commodity Exchange (MCX). During the day, gold futures hit a high of Rs 77,667 per 10 gram.

How much did silver become expensive 

Silver prices have also seen a rise today. Today, silver jumped by Rs 1,000 to reach Rs 94,500 per kg. On Thursday, silver remained stable at Rs 93,500 per kg.

Silver contracts for December delivery on MCX jumped Rs 1,231 or 1.34 per cent to Rs 92,975 per kg.