23 May 2025 Gold Rate: Gold again jumped, 10 grams of gold became more expensive by more than 5 thousand
23 May Gold Rate: Gold prices are once again witnessing a surge. Gold has once again reached the seventh sky. This increase has proved all predictions of gold prices falling wrong. New information has also emerged about the future prices of gold.
Gold Rate: Gold prices have risen by more than 5 thousand. There has been a big impact on the gold rate. This sudden increase has proved people's predictions wrong. Big estimates have also come out on what the price of gold will be in the future. Gold has reached very close to one lakh.
Why did the price of gold increase
There has been a tremendous increase in the price of gold. The reason for this is believed to be that there has been a sharp rise in the US 10-year bond yield, which has weakened the dollar index. As a result, there has been a rise in gold in the international market.
Gold prices in the international market
Due to the weak dollar, gold has also jumped in the international market. A big increase has been seen in the gold rate here. Gold has jumped by 40 dollars and reached around 3325. Silver has increased by one and a half percent to above 33.50 dollars.
Worries about the economy turned investors away
Gold rates are constantly rising. The main reason for the rise in gold prices is the growing concern about the US economy. Due to this, the dollar is constantly weakening and this is supporting the gold prices.
Due to increasing debt, the international rating agency has downgraded America. This has brought uncertainty in the market and due to this investors have again turned to gold. Due to which the price of gold has increased as the demand for gold has increased.
Gold continues to make records in 2025
This year gold has made continuous records. The price of gold is increasing. Gold is making new records every day. This is the first time in history that gold has crossed Rs 1 lakh per 10 grams.
At the same time, the price of gold reached $3500 per ounce in the international market. This day was April 22. On the same day, gold was at its all-time high of 99,358 on MCX.
There was a boom from 23 April
After this, a period of decline in the price of gold started. Gold prices started falling from 23 April. Gold fell to Rs 90890 per 10 grams on MCX. This was a big fall in the price of gold. After this, gold has again increased.
10 grams of gold became costlier by Rs 5432
Gold had fallen to a great extent on 15 May. The price of gold has increased by Rs 5432 per ten grams. On 15 May, the price of gold on MCX was 90890 per 10 grams, which has increased to Rs 96322 on 22 May. The low point of future gold was recorded at Rs 96050 on 22 May.
At around 12 noon, the high point was recorded at Rs 96322 per 10 grams. On Thursday, gold opened at Rs 96,214. At the same time, the price of gold closed at Rs 95,599 yesterday. Gold was recorded at Rs 96105 at 11:51, which is Rs 506 i.e. 0.53% more than yesterday.