The price of gold was seen in a slight increase on Wednesday. At the same time, silver again crossed one lakh rupees per kg. According to the All India Bullion Association, the precious metal of 99.9 percent purity in the national capital rose by Rs 60 to Rs 88,850 per 10 grams in the national capital on Wednesday. It was closed at Rs 88,790 per 10 grams on Tuesday. Gold with 99.5 percent purity increased by Rs 60 to Rs 88,450 per 10 grams. According to PTI news, the price of silver rose by Rs 1,300 to about three weeks high levels to Rs 1,00,200 per kg. In the last session, the price of silver closed at Rs 98,900 per kg.
Gold futures boom
Gold prices rose by Rs 35 to Rs 86,187 per 10 grams in futures trading on Wednesday due to fresh deal by the bookies due to strong spot demand. In the Multi Commodity Exchange i.e. MCX, gold contracts with April delivery increased by Rs 35 or 04 percent to Rs 86,187 per 10 grams, with 14,487 lots of business. Analysts said that the fresh deal by the participants accelerated the price of gold. Globally gold futures in New York declined 0. 14 percent to 2,911. Laded at $ 90 an ounce.
Silver futures increased by Rs 174
The price of silver rose by Rs 174 to Rs 98,306 per kg on Wednesday due to the participants extending their stakes. The silver contract for May delivery at the Multi Commodity Exchange rose by Rs 174 or 0. 18 percent to Rs 98,306 per kg, with a turnover of 20,731 lots. Analysts said that the fresh deal by the participants led to the rise in silver prices. Globally, silver in New York was trading at $ 32. 76 an ounce in New York.
Gold and silver in international markets
According to the news, gold in international markets remained stable at $ 2,915.73 an ounce. Comex futures for April delivery were trading at $ 2,921.30 an ounce. Meanwhile, silver spot prices rose 0.25 percent to $ 33.03 an ounce in the Asian market.
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