Today, the futures price of gold was recorded for the third consecutive day in the Indian market. December futures on MCX rose 0.27 per cent to Rs 51,047 per 10 grams, while silver futures rose 0.6 percent to Rs 63,505 per kg.
In the global markets, gold spot gained 0.3 percent to $ 1,912.11 an ounce, while silver rose 0.7 percent to $ 24.82 an ounce and platinum rose 0.3 percent to $ 873.89.
In India, gold prices have risen 25 percent this year, in line with global levels. Analysts expect the demand for gold in India to increase during the festive season.
India is the second-largest buyer of gold after China. Gold attracts 12.5 percent import duty and three percent GST on gold in India.