Today Gold Silver rates
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Price is so high in global markets
In global markets, gold spot fell 0.2 per cent to USD 1,734.16 an ounce. Among other precious metals, silver slipped 0.3 percent to $ 26.67 an ounce, while palladium gained 0.6 percent to close at $ 2,377.50. Platinum was down 0.3 percent at $ 1,200.50.
The US Federal Reserve beige book is due on Wednesday, the group of oil producers will meet on Thursday. Apart from this, the figures of the order of the American factory will be released on Thursday. The data for initial jobless claims and orders of goods will be released on Friday. This week, gold traders will be watching these major events.
Government selling gold at 10 months’ cheapest price
If you want to invest in gold then this is the right time for you. The central government has introduced the Sovereign Gold Bond Scheme. The 12th series of sovereign gold bonds has started from March 1 and you will be able to invest in it by March 5. This scheme is the last series of the current financial year. The most important thing in this is that this time the price of Sovereign Gold Bond is the lowest in ten months, that is, at the low level of 10 months. The Reserve Bank of India has fixed the price of gold subscription at Rs 4,662 per gram this time. If you apply online, you will get a rebate of 50 rupees per gram. This means that you will spend Rs 4,612 for one gram of gold.