Gold reaches new record level, now just a few steps away from Rs 70 thousand

There is a rising trend in gold prices. As soon as the new financial year starts, a tremendous rally is being recorded in the price of yellow metal and its price is reaching new record high levels one after the other. After making a record of new lifetime high level on Monday, gold has made a new record today on Wednesday. Now the price of gold is just a few steps away from the level of Rs 70 thousand.

Gold reached this level today

On Wednesday, gold prices on MCX have reached near the level of Rs 70 thousand per 10 grams. In morning trade, June gold futures on MCX had strengthened by Rs 716 to reach Rs 69,699 per 10 grams. Earlier on Tuesday, the June future of gold on MCX had closed at Rs 68,928 per 10 grams.

This record was made on the first day

Earlier, gold had also made a new record on 1st April i.e. the first day of the new financial year. In Monday's trading on the first day of the financial year 2024-25, the price of gold on MCX had crossed the level of Rs 69 thousand for the first time. In Monday's trade, the April contract of gold had reached Rs 69,487 per 10 grams, while the price for the June contract had increased to Rs 68,719 per 10 grams.

Also read: NSE reduced the contract size of these derivatives including Nifty 50

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