This time is a good opportunity to buy gold and silver because the fluctuations in its price are continuing as soon as the wedding season starts, today after five consecutive days of decline in the Indian market, the price of gold has again seen a rise. Gold futures on MCX rose by 0.4% to Rs 47,265 per 10 grams, while silver futures rose 1.1% to 68,534 per kg. In the previous session, gold had fallen by 0.42% while silver had fallen by 1.75%.
In August 2020, gold reached a record level of Rs 56,200, since then gold has become cheaper by around Rs 9,000. On the other hand, spot gold rose 0.2% to $ 1,784.94 an ounce in international markets.
The gold price rose by 0.4% to Rs 47,265 per 10 grams in the bullion market on Thursday. At the bullion market on Wednesday, gold prices fell by Rs 505 per 10 gm on Wednesday in the bullion market, which is still at an 8-month low. Spot gold rose 0.2% to USD 1,784.94 an ounce in the international markets.