A jump was recorded in the price of gold today on Multi Commodity Exchange (MCX). For the futures price of February 5, 2025, the price of gold on MCX rose by 0.22 percent to Rs 78,594 per 10 grams at 11:23 am. However, the price of silver took a dive on MCX on Monday and it fell by 0.46 percent to Rs 92,082 per kg. Last Friday, gold closed at ₹78,423 per 10 grams. In the international market, the spot gold price is around $2,687.56 per troy ounce, while the COMEX gold price is around $2,715 per troy ounce.
gold according to experts
According to Livemint news, experts say that gold has set up a solid support base around ₹ 76,500 to ₹ 76,000 per 10 grams, due to which there is an upward trend in prices. Although the overall outlook remains positive, the three-week bullishness suggests the possibility of a short-term correction, which could attract fresh buying interest. In the near future, Rs 78,800 per 10 grams will be an important level.
mcx and gold
Mined commodities like gold are the most frequently traded commodities on MCX. Compared to other commodities available on its marketplace, live MCX gold prices vary more. Like BSE for trading of company shares in Multi Commodity Exchange i.e. MCX, this market is used for trading of commodities. Here agricultural products like cotton, coffee and other commodities can be exchanged for gold, silver and other precious metals.
Gold trading on the Multi Commodity Exchange of India is known as MCX Gold. In the Indian commodity market, MCX Gold serves as a venue for speculative trading and hedging of current MCX gold price fluctuations.
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