Gold and silver prices have risen in India today due to selling in global equities. October gold futures on MCX rose 0.3 percent to Rs 50,911 per 10 grams, while silver futures rose 0.23 percent to Rs 67,080 per kg. Gold prices fell for three consecutive days before today.
In the previous session, the futures price of gold had fallen by 0.12 percent per 10 grams, while silver had fallen by about two percent, ie Rs 1,300 per kg. Gold prices have remained volatile since August 7, reaching a record high of Rs 56,200.
The price of gold has also increased in global markets as global equities declined, leading to an increase in safe-haven demand for the yellow metal. But the gains were limited by the strong US dollar. Gold traders are waiting for the August non-farm payroll data to be released.