Gold Silver Rate: Gold and silver are trading in different directions in the bullion market today. A strong increase is being seen in the prices of gold and it is again seen going around Rs 79,000. Gold prices are rising in the commodity market and due to this, movement is being seen in the prices of both the precious metals today.
Know the latest price of gold and silver
On Multi Commodity Exchange (MCX), the price of gold has increased by Rs 392 or 0.50 percent to Rs 78730 per 10 grams. These rates are for February futures. This rise in gold is due to some domestic reasons and some global reasons. Among domestic reasons, the increasing demand for gold seen due to the wedding season can be considered as the main reason. Due to global reasons, fluctuations in the prices of the dollar, the price of gold has also increased and it is being sold at higher prices.
Know the price of silver
The price of silver on MCX remains on the decline today for its February futures and buying is being done at lower prices. A fall of Rs 217 or 0.23 percent is being seen in the February contract of silver and is being sold at the rate of Rs 95308 per kg. Silver prices have come down from their highest levels and global reasons can be considered the main reason behind this. There is also a decline in the industrial demand for silver and its rates are slipping down.
How are the prices of gold and silver in the international market?
In the international market, gold rates have increased by $ 12.19 per ounce or 0.45 percent to $ 2730.59. In this also the opposite effect of the movement of the dollar is being seen and it is trading strongly. If we look at the rates of silver, it has fallen by $ 0.109 or 0.33 percent and has reached the rate of $ 32.638 per ounce.
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