On Tuesday, gold futures prices soared in Indian markets, but silver futures became cheaper. Gold futures on MCX were down 0.38 percent (Rs 181) to Rs 47932 per 10 grams, while silver futures fell 0.17 percent (Rs 119) to Rs 71425 per kg. Last year, gold reached a high of Rs 56,200 per 10 grams.
Price so high in global markets
Spot gold rose 0.4 percent to USD 1,836.89 an ounce in international markets. US gold futures rose 0.3 percent to $ 1,837.60 an ounce. While silver was down 0.2 percent at $ 27.39 an ounce. Palladium rose 1.5 percent to $ 2971.39. Platinum was up 0.8 percent at $ 1258.87.
9000 kilograms of digital gold sales in three years
In the last three years, 8,000 to 9,000 kg of digital gold has been bought and sold in the country. Seven-eight crore people have invested in it so far. Experts associated with this business say that there is always a fear among middle-class families about fluctuations in gold prices and theft if kept at home. At the same time, there is no such problem in the purchase of digital gold. He says that at present when new avenues are being discovered for technology and investment, digital gold is also becoming a strong place in it.
What is Digital Gold?
It is already trending abroad, but in India, it has been seeing an increase for three years. Digital gold means that when a person buys gold online, then the bullion companies keep the gold of that price in their locker. In return, the customer gets a receipt. As you keep investing in it, the gold in your locker increases. You can also sell it online if needed.