Gold and silver prices rose today in Indian markets. Gold futures on MCX rose by 0.83 percent to Rs 53,216 per 10 grams. Silver futures rose 1.4 percent, ie Rs 865 to Rs 63,535 per kg.
Spot gold in global markets was steady at $ 1,958.99 an ounce, while US gold futures rose 0.5 percent to $ 1,953.
Among other precious metals, silver slipped 0.7 percent to $ 23.39 an ounce, while platinum slipped 0.2 percent to $ 901.27.
Ajay Kedia, MD, Kedia Commodity, said that this boom of gold will continue. He said that the price of gold was fluctuating earlier this week, but now there are signs of it going up. By Diwali, prices can touch the level of 56 thousand.