Gold prices broke records in the international market on April 1, know the latest price
Gold Price news: Today, on April 1, gold prices in the international market have broken all records. On Monday, the first day of the financial year 2024-25, the price of gold in the international market reached a record high of $ 2,263.53 an ounce. Let us tell you that the prices of gold are continuously increasing. Amidst the tremendous rise, gold has started the new financial year with a new history.
Gold today opened at around $2,233 an ounce, but soon the prices reached a new record. It should be noted that the effect of this tremendous boom in the international market is being seen on the domestic market also.
As soon as the market opened today, gold prices on MCX rose and within a short time of trading it reached a new record high. April gold reached Rs 69,487 per 10 grams intraday on MCX, which is the highest level in the history of gold. With this, the price of June contract increased to Rs 68,719 per 10 grams.
What are the reasons for increased prices?
Due to many reasons, fluctuations in gold prices are being seen this time. There is no sign of stopping the ongoing war between Russia and Ukraine in Eastern Europe. After Hamas’ attack on Israel, tension is continuously increasing in West Asia. Amidst all this, gold prices have also increased due to signals from the US central bank Federal Reserve.
The Federal Reserve has hinted at cutting interest rates three times this year. Due to low interest rates, bond yields fall, causing investors to look for alternatives. Gold generally benefits the most.
