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Monday Feb 06, 2023

Gold Price Hike | Gold price reaches record high, will soon cross 60000 per 10 grams, read report


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file photo

Delhi: Everyone likes to buy gold in India, whether it is a wedding, a festival or a function seems incomplete without buying gold. Because of which the demand for gold also never decreases. On the other hand, when people buy more gold, its price also increases. Gold prices in Indian markets have again reached another record high today. On MCX, gold rose by 0.3% to Rs 56,850 per 10 grams, while silver rose to Rs 68,743 per kg.

Rising dollar price became the reason

Gold was trading at Rs 56,700 per 10 grams on the Multi-Commodity Exchange today, up by Rs 154 or 0.27%. That is, in less than three months from the beginning of November, gold has gained about ₹ 6,000. Central bank buying of gold should boost the sentiment and gold prices should go up. It is expected that in the year 2023, gold prices may reach Rs 60,000-63,000 per 10 grams. According to a report, in the year 2023, gold can reach Rs 58,000 to Rs 60,000 per 10 grams. Due to the rising dollar price, the price of gold has skyrocketed and the price of gold is skyrocketing.

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Prices skyrocketed in the last one month

In the international markets, gold remained at $ 1,932.50 an ounce. Among other precious metals, silver rose 0.6% to $23.98 an ounce, while platinum gained 0.1% to $1,033.69 and palladium fell 1% to $1,736.35. According to a website, on October 31 last year, the rate of 24-carat gold was Rs 50,480, while the rate of silver of 999 purity was Rs 58,755 per kg. However, according to the report, gold prices are rising very fast, compared to December last year, gold rates have increased very fast.



Gold – Silver Price Hike | big news! Gold up by Rs 89, silver up by Rs 677


big news Gold up by Rs 89, silver up by Rs 677

New Delhi: Gold prices on Wednesday rose by Rs 89 to Rs 56,126 per 10 grams in the national capital’s bullion market amid gains in the prices of the precious metal in global markets. HDFC Securities gave this information. In the last trading session, gold had closed at Rs 56,037 per 10 grams.

The price of silver also increased by Rs 677 to Rs 69,218 per kg. An analyst at HDFC Securities said, “Spot gold traded at Rs 56,126 per 10 grams in the Delhi market. The rise in gold in the domestic market was capped by a stronger rupee.

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In the foreign markets, gold was trading at $ 1,882.2 an ounce. Silver was trading with gains at $23.88 an ounce. Gold prices on Comex were higher in Asian trading hours on Wednesday due to a weakening dollar and concerns over interest rates by Federal Reserve Chairman Jerome Powell at the central bank’s conference in Sweden on Tuesday, analyst said. Didn’t have to clean.

Navneet Damani, Senior Vice President, Commodity Research, Motilal Oswal Financial Services, said, “After last week’s weaker than expected employment data, all eyes will now be on the US Consumer Price Index (CPI) data due on Thursday.” (agency)



Want to do job in US? Now it will take so much money for H 1B Visa. US Propose Visa Fees Hike Include H-1B Used By Indian Professional Mostly

America, which is suffering from inflation, has found a special way to meet the expenses. President Joe Biden’s government has decided to grant citizenship and increase visa fees. This also includes the H-1B visa used by Indian professionals. Read this news…

Want to do job in US? Now it will take so much money for H-1B Visa

There has been a huge increase in the fees for granting citizenship and visa in America.

The American dream of Indian professionals may become costly in the times to come. The reason for this is the huge increase in the fees for granting citizenship and visa in America. This also includes the popular US H-1B visa, which is mostly used by Indian professionals to get employment in America.

These days America is facing the highest inflation in 40 years. In such a situation, the government of President Joe Biden is working on many economic aspects. At the same time, America has decided to increase the visa fees of different categories to fund its citizenship and immigration agency. American and Indian tech companies will suffer the most from the increase in H-1B visa fees, because on the basis of this visa, they are able to outsource their work.

H-1B visa fees will increase by this much

The US government has proposed to increase the pre-registration fee for H-1B visa by several percent. The H-1 category, which includes the H-1B visa, could see a 170 percent increase in fees, from $460 to $780.

At the same time, the visa fees of L-1 category can increase by 301 percent. Now it is $ 460, which can be $ 1,385. Similarly, O-1 category visa is given to workers having exceptional skills, whose fee is also proposed to be increased by 229 percent. It can be $ 1,055 instead of $ 460.

Pockets of millionaires will also be loose

EB-5 visa is given to those who wish to invest in America or become entrepreneurs. It is also called ‘Crorepati Visa’. Its fees can increase by 303 percent, which means it will increase from $ 3,675 to $ 11,160.

However, the premium processing fee for all types of visas has been kept at $2,500 as before. While there is also a proposal to reduce some other fees. The US Home Ministry gave information about these proposed fee hikes in the Federal Register (Official Gazette) on Tuesday.

The expenses of the immigration department will be met

Citizenship and Immigration Services, which works under the US Ministry of Home Affairs, says that it needs funds for its operations. This proposed increase in fees will help him, because about 98 percent of the expenses of running the department are met by this fee.

Due to the Kovid epidemic, the income of the immigration agency has decreased by 40 percent in 2020. The agency has put a freeze on new hiring, laid off some people, and is also using its cash reserves.

 

CNG Price Hike | Driving a ‘Gaadi’ in Delhi has become expensive! CNG prices increased again from today, know here today’s ‘rate’


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New Delhi. If you are fond of driving your car in Delhi, then sir, now you may have to loosen your pocket a bit more for this. Because in the national capital, the price of CNG (CNG Rates) has been increased by 95 paise / kg from today.

Now the new price of CNG in Delhi

At the same time, after the increase of 95 paise / kg, the new price of CNG in the capital has now become 79.56 / kg. Similarly, CNG price in Noida, Greater Noida and Ghaziabad is Rs 82.12/kg. 87.89/kg in Gurugram. Earlier, CNG price in Delhi was Rs 78.61/kg.

Be aware that these rates have come into force in the national capital from 6 am today. Significantly, this is the first time that CNG prices have not been increased this year. Be aware that the price was increased on October 8 last. Yes, the price of CNG was increased by Rs 3/kg in October.

CNG price hiked 5 times till now in 2022

Please inform that this year the price of CNG has been increased 5 times in Delhi. In April 2022, the price was Rs 71.61. After that again in May 2022 it increased to Rs 75.61. After this there was no hike in September. But then in October the price increased to Rs 78.61. And now its rates have been increased by 95 paise/kg.



Mother Dairy Rate Hike | Mother Dairy increased the price of milk for the 5th time at the end of the year, know how much will have to be paid now


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New Delhi. Once again there has been a robbery on the pocket of the general public in the country. Yes, now once again Mother Dairy has increased the price of milk by Rs.2/litre. And now the increased rates in Delhi-NCR will be applicable from Tuesday. At the same time, there is no change in the MRP of cow’s milk and tokenized milk.

Let us inform that before this, Mother Dairy had increased the prices of milk on November last itself. Mother Dairy has decided to increase the price of full cream milk by Re 1/litre. Also, tokenized milk has been increased by Rs 2/litre.

Be aware that Mother Dairy has increased the prices of milk for the fifth time till the end of this year. It may be noted that Mother Dairy has a consumption of around 30 lakh litres/day in Delhi and surrounding areas. At the same time, it is also believed that after Mother Dairy, now other companies can also increase the price of milk.



Gold Price Hike | big news! The price of gold may increase in the new year, you will have to pay this much for 10 grams


The price of gold may increase in the new year, you will have to pay this much for 10 grams

Mumbai: In the Indian market, the gold price is expected to reach Rs 60,000 per 10 grams in 2023 as more investors move towards safe assets in the new year. In the international market, gold prices fell from a high of $2,070 an ounce in March to a low of $1,616 an ounce in November and have been recovering since then. In early 2022, the price of gold was around $ 1,800 an ounce.

At present, the price of this precious metal in the international markets is $ 1,803 an ounce. On the commodity market Multi Commodity Exchange of India Ltd (MCX), gold is at Rs 54,790 per 10 gram when the rupee is close to 83 against the US dollar. A number of factors are expected to boost gold prices in the future such as geopolitical situation, recessionary concerns, inflationary trends and low demand for crypto assets.

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Gold has always been considered a safe asset in uncertain times. Ravindra V Rao, vice-president and head of commodity research at Kotak Securities, told PTI-language, “Gold is expected to trade in the range of $ 1,670-2,000 with a positive trend in the international market next year.” On MCX gold may trade in the range of Rs 48,500-60,000.” Although the demand for gold is likely to be flexible in 2023.

Rao said further tightening of interest rates by the US Federal Reserve could have a profound impact on gold prices in the first quarter of next year. Market experts believe that due to the Russia-Ukraine conflict, there was a short-term rise in gold prices. He said the Federal Reserve and other central banks raised interest rates during the year to manage inflation, which affected sentiment for gold. The gold price on MCX was Rs 47,850 per 10 grams at the beginning of the year and then reached a peak of Rs 55,680 per 10 grams in March.

In September, it came down to a low of Rs 48,950 per 10 grams. According to experts, it is expected to fetch at least $1,885 in international markets and Rs 57,000 per 10 grams in MCX. Any new geopolitical tension may push the prices further. Ashish Pethe, chairman of the All India Gems and Jewelery Domestic Council (GJC), said, “There has been a strong return in demand for gold and gold jewelery in the second half of 2022 (July-December). The increase in the price of gold has affected the retail counters. If gold rates stabilise, good sales are expected in the coming year.



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