Gold Silver Rate: The boom in gold and silver business continues and the prices of both these precious metals are trading strongly. Today’s movement of the stock market remains fast and business is being seen with a boom in the commodity market as well. Not only today, gold is trading strongly with an increase for the last several days.
Why is the price of gold increasing
The price of gold and silver is showing a good rise like yesterday and today both the precious metals are trading with a strength of more than Rs.180. Today, the rise in the prices of gold and silver on the Multi Commodity Exchange is being seen due to the boom in the global market.
What is the price of gold on MCX
Gold is trading today on the Multi Commodity Exchange with a gain of Rs 183 or 0.30 per cent. These gold prices are for its June futures. Gold is currently trading at the rate of Rs 61110 per 10 grams. Looking at its high price, it went at the rate of Rs.61139. Its lower price went up to Rs 60905 per 10 grams.
Silver still on the rise
Silver is still trading at Rs 77260 per kg with an increase of Rs 181 or 0.23 per cent. If we look at its highest price, it went up to Rs 77325 and on the lower side rates up to Rs 77100 per kg were seen. These prices of silver are for its July futures.
Gold will continue to rise
The boom in gold today is continuing for the last several days and the reason behind this is the increase in domestic demand. The effect of rising prices in the international market is already being seen.
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