Gold and silver prices saw a slight rise as soon as the market opened on Tuesday. Gold was trading at Rs 46906.00 per 10 grams on Multi Commodity Exchange (MCX) on 23-2-2021 at around 11.00 am. Silver was also trading at Rs 70437.00 per kg with a gain of Rs 5.00.
On Monday, gold prices saw a rise in the Delhi bullion market. Gold rose by Rs 278 to Rs 46,013 per 10 grams.
The price of gold has decreased by 9000 rupees in the last 6 months. Gold futures on MCX are up 0.24 percent at Rs 46,350 per 10 grams. The rate of this gold in August was Rs 56200. According to experts, demand will increase this year due to the correction in the gold rate. Gold rate is expected to reach 58 thousand rupees per 10 grams. The price of silver can touch 1 lakh rupees per 1 kg.
The government will change the gold monetization scheme and all government banks are being considered for inclusion in the scheme.