Gold Silver Rate : Gold and silver again skyrocketed, a new record was made today

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Gold and Silver Price Today: Gold and silver prices have once again hit record levels today, driven by positive global cues.

Gold Silver Rate Today on 17 October: Gold and silver prices have once again reached all-time highs in the domestic commodity market. This rise was recorded following positive signals from the global market. Weakness in the dollar and strong spot demand also supported gold prices.

Gold with December expiry date on the Multi Commodity Exchange (MCX) today rose by Rs 2,400, or nearly 2%, to reach an all-time high of Rs 1,32,294 per 10 grams. Silver with December expiry date on the MCX also rose by Rs 2,750, or 1.6%, to reach its highest level of Rs 1,70,415 per kg.

This week’s biggest rise since 2008
In the international market, it is heading for its biggest weekly rise since 2008. Trade tensions between China and the United States are increasing. Furthermore, there are expectations of an interest rate cut by the US Federal Reserve. This is why gold prices are rallying. The dollar’s weakness is also playing a significant role in gold’s luster. The dollar index fell 0.20%, making gold cheaper in foreign currency and increasing its demand.

Gold Silver Rate Today on 17 October: Gold and silver prices have once again reached all-time highs in the domestic commodity market. This rise was recorded following positive signals from the global market. Weakness in the dollar and strong spot demand also supported gold prices. Gold with December expiry date on the Multi Commodity Exchange (MCX) today rose by Rs 2,400, or nearly 2%, to reach an all-time high of Rs 1,32,294 per 10 grams. Silver with December expiry date on the MCX also rose by Rs 2,750, or 1.6%, to reach its highest level of Rs 1,70,415 per kg.

This week’s biggest rise since 2008
In the international market, it is heading for its biggest weekly rise since 2008. Trade tensions between China and the United States are increasing. Furthermore, there are expectations of an interest rate cut by the US Federal Reserve. This is why gold prices are rallying. The dollar’s weakness is also playing a significant role in gold’s luster. The dollar index fell 0.20%, making gold cheaper in foreign currency and increasing its demand.

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