Gold & Silver Price Today 3 January 2023- Check the latest city-wise Rates here

Gold Price Today, 3 January 2023: For the second time in a row, both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX). Precious metals have recorded a jump in the domestic market.

Today in the new year 2023, a big jump is being seen in the price of gold and silver. Even today the business has started with a boom in the bullion market. In the Indian bullion market today, gold became costlier at the rate of Rs 539 per 10 grams, while a big jump is being seen in the price of silver at the rate of Rs 1310 per kg. After this, once again gold has started selling beyond Rs 55700 per 10 grams and silver beyond Rs 69600 per kg.

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Significantly, for the last few days, there is a continuous movement in the prices of gold and silver. The prices of gold and silver sometimes decrease and sometimes they increase. In such a situation, the customer is skeptical about its purchase. People are not able to understand when it will be beneficial for them to buy gold and silver.

On the other hand, bullion market experts say that right now people have a great opportunity to buy gold and silver cheaply. Because in the coming days, along with gold, the price of silver will increase further and both can create new records.

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Talking about foreign markets, gold prices are seeing a rise of more than one percent and silver prices are trading with a rise of more than 2 percent. According to experts, the Fed will increase the policy rate this year with less speed, due to which the Dollar Index (Dollar Index) has come down below 104. The effect of this is seen in the price of gold and silver.

GOLD, SILVER PRICES IN MAJOR CITIES

Gold and silver prices in India depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals.

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