New Delhi: Gold and silver prices have reached an all-time high and gold on MCX has risen by Rs 450 to Rs 78170 per 10 grams and this is its highest level on MCX. Silver is also witnessing a great rise and this rise of Rs 2800 has come as soon as the commodity market opened. Silver has reached a record high with a rise of Rs 2800 on MCX.

Continuous rise in gold

Records are being made continuously in gold and it is reaching new highs every day. There was a possibility of an increase in the prices of gold and silver today as gold closed at an all-time high on Friday. In the festive season, the general public may have to think twice before buying gold and silver as the prices of these precious metals are skyrocketing. Gold is getting the benefit of the ever-increasing demand and along with this, the prices of gold and silver are also reaching new heights at the international level.

The return on gold is tremendous.

If we look at the gold price level of one year, gold has given a return of 29 percent. This year, till October 15, 2024, investors have got a return of 21% in gold. Today, the price of gold on COMEX is seen increasing by $ 16.85 to $ 2747 per ounce. While the shiny metal silver has increased by 3.12% to reach the rate of $ 34.247 per barrel.

On Dhanteras-Diwali-Bhai Dooj…

Everyone is looking at the trend of gold purchases during the Diwali festival starting from October 29 this year and how will be the purchases on Dhanteras on October 29. Much of this can be indicated by the current prices of gold. Considered a safe asset, gold is not only providing security but it is also one of the products with the best returns.