Gold Silver price hike; Yellow Metal is rising by 0.2 per cent
Gold and silver prices have been recorded once again today. On Friday, the price of gold and silver rose in Indian markets.
Gold and silver prices have been recorded once again today. On Friday, the price of gold and silver rose in Indian markets. On Friday on the MCX exchange, the futures price of gold is rising by 0.2 per cent at Rs 51 thousand 571 per ten grams. While the futures price of silver on MCX has gone up by 0.4 percent to Rs 68 thousand 405 per kg.
Spot gold is trending up 0.4 to $ 1,951.13 an ounce:
During the previous session, the futures price of gold had fallen by 0.7 per cent, while silver had fallen by 0.8 per cent. The rise in US employment data and corona virus cases led to an increase in safe-haven demand, leading to a rise in gold prices in global markets on Friday. Spot gold is trending up 0.4 to $ 1,951.13 an ounce.
Apart from this, gold prices have also increased due to the weak US dollar. The dollar index was down 0.1 percent compared to rivals, making gold more attractive to buyers of other currencies. On the other hand, silver fell 0.5 per cent to $ 26.97 an ounce, while platinum dropped 0.4 per cent to $ 936.
Despite the fall in gold prices to some extent in recent times, the price of gold has so far increased by about thirty percent. Talking about futures markets, the price of gold is around Rs 51 thousand per ten grams. However, last month it reached the level of 56 thousand per ten grams.