Gold-Silver Price Today: Today, gold (Gold-Silver Price Today) in the Indian markets rose to the highest level of a month. On the Multi Commodity Exchange (MCX), the August futures gold price is trading with a jump of 0.38 percent. At the same time, the price of September futures silver has increased by 0.30 percent. Let us inform that in the last trading session, gold closed with a gain of 0.12 percent, while the price of silver fell by Rs 1,000 per kg.
New Gold Price: On Tuesday, August futures gold prices on the Multi Commodity Exchange (MCX) rose by Rs 181 to Rs 48,275 per 10 grams. After the fall in June, gold is trading above $ 1,800 an ounce with a rebound this month in the international markets. Gold weakened on fears of monetary tightening by the US Fed. In India, gold had hit a record high of Rs 56,200 in August last year.
New Silver Price: On Tuesday, September futures silver on MCX rose by Rs 174 per kg and reached Rs 67,420 per kg. In the international market, silver rose 0.1 percent to $ 25.18 an ounce.
Why did the price of gold rise?
In global markets, a rebound in COVID-19 cases across the globe propelled gold prices today, boosting the precious metal’s safe-haven appeal. Spot gold rose 0.3 per cent to $1,818.25 an ounce. Fall in US bond yields also supported gold. The low bond yield reduces the opportunity cost of holding interest-free gold.
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