Today, gold and silver saw a boom in Indian markets. February futures on MCX rose 0.74 per cent to 49,410 per 10 grams, while silver rose 0.57 per cent to 66,279 per kg.
Today in New Delhi, 22-carat gold is priced at Rs 48,350 per 10 grams, in Chennai it has fallen to Rs 46,800. The rate in Mumbai was Rs 48,580. The price of 24-carat gold in Chennai was Rs 51,050 per 10 grams. The price of 22 and 24 carats in Lucknow today is Rs 48360 and Rs 52760 per 10 grams.
In the international market, gold was $ 1,857.63 an ounce. US gold futures rose 0.4 percent to $ 1,858.50.
In August, gold touched a high of 56,200. Similarly, silver touched around 80,000 per kg in the same month.
Gold could reach 63,000 per 10 grams due to a fall in the dollar next year. Experts say gold is expected to be between $ 2,150 and COMEX gold at the US $ 2,390 and MCX between 57,000 and 63,000 next month due to concerns about the global economic recovery.