Gold prices, which ranged from Rs 46000 to Rs 46400, are now seeing a rise in prices. Silver has also gained since Monday. The bullion market is closed today.
Gold futures for June delivery on MCX closed at Rs 46,964 on Tuesday, reaching Rs 545 per 10 grams. Gold also crossed the Rs 47,000 level intraday. Last week, gold gained strength of Rs 1995 per 10 grams, while this week it has gained strength of Rs 545.
The gold range this week
Day: (MCX June futures)
Monday: 46419/10 g
Tuesday: 46964/10 grams
Wednesday: Market closed
Last year, due to the Corona crisis, people had invested heavily in gold, the price of 10 grams of gold on MCX reached an all-time high of Rs 56191 in August 2020. On MCX, it is trading at Rs 46960 per 10 grams, thus making it around Rs 9240 cheaper than its highest level in August last year.
The price of silver, which was at its highest level of Rs 79,980 per kg, has become cheaper by Rs 12380 from its highest level. May futures of silver are trading at Rs 66100 per kg.