Along with the wedding season, the price of gold and silver continues to fluctuate. But gold is still below Rs 9,100 from the record level, while silver is cheaper by Rs 10,100 from its record level. Today, silver and gold prices again saw a rise in the Saraf Bazar. Today, June futures gold on MCX is up 0.23 percent at 47,108 per 10 grams. At the same time, silver has gone up by 0.27 percent to Rs 69,809 per kg.
In August 2020, gold prices reached a record high of Rs 56,200 per 10 grams. According to that, the price of gold is still less by Rs 9,100 and the highest price of silver was Rs 79,980 per kg.
On Thursday, the price of gold rose by Rs 115 on the Multi Commodity Exchange. After this, gold is trading at 47,108 per 10 grams. Silver has gone up by 0.27 percent to Rs 69,809 per kg.
Why is the price of gold going up?
According to Tapan Patel, Senior Analyst (Commodities), HDFC Securities, gold prices in Indian markets have increased due to the depreciation of the rupee against the dollar.