Gold and silver prices have changed a lot today, check the latest rates here before buying Gold prices rose on Thursday morning after a two-day decline. The impact of the rise in global prices was also felt in the Indian market.
Gold prices rise again on Thursday morning
Just as prices have risen in the global market, so has the Indian market.
Gold is currently trading 0.34 per cent higher
The 24 carat purity futures are priced at Rs. 170 to Rs. 50,670 per 10 grams. Earlier, gold was trading at Rs. Open at 50,661. Rising demand for gold soon saw an increase in its price. Gold is currently trading 0.34 per cent higher than its previous close. Earlier, gold prices fell for two consecutive days due to sharp fall in global markets.
The luster of silver also increased
Like gold, silver rose this morning. Silver futures price on MCX is Rs. 327 57,053 per kg. Earlier in the day, Rs. Trading started at 57,177, which came down due to a decline in demand, but the price is still above 57,000. Silver is currently trading 0.58 per cent higher than its previous close.
Prices have also risen in the global market
Today, the global market is also witnessing a rise in gold and silver prices. The spot price of gold in the US market has reached 7 1,744.83 per ounce, which is 0.35 per cent higher than the previous closing price. Similarly, the spot price of silver also touched 19.28 per ounce, up 0.67 per cent from the previous close. Earlier, gold and silver prices in the global market had declined for two consecutive days.
What will be the market trend now?
Gold and silver prices are still fluctuating rapidly. The recent decline in the global market has also made gold cheaper in the Indian market. Earlier, gold prices had risen after the government increased import duty. Experts say a stronger dollar will push up gold prices. Gold supply in the global market is also likely to be further affected, which could push up its prices.