Gold Silver Price: Gold futures increased today after falling by Rs 1600 in the last two sessions, know how much is the price


Gold futures prices rose in the domestic market today after a sharp fall in the last two trading sessions. On MCX, gold futures rose 0.4 per cent to Rs 46,911 per 10 grams. Silver futures fell 0.04 per cent to Rs 67571 per kg. The yellow metal is down by about Rs 9,000 from last year's high (Rs 56,200 per 10 grams). In the last two sessions, gold futures had become cheaper by Rs 1600 per 10 grams. Earlier this month, its price was Rs 2,500 less than the current price.

So much is the price in the global market

In global markets, gold prices rose today after the biggest weekly fall in 15 months. Spot gold was up 0.5 per cent at $1,772.34 an ounce. It has fallen by six per cent in the last week. Among other precious metals, silver was up 0.6 per cent at $25.95 an ounce and platinum was up 0.4 per cent at 1,037.89.

dollars per ounce.

Gold ETFs are based on the price of gold

The holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund or gold ETF, rose 1.1 per cent to 1,053.06 tones on Friday as against 1,041.99 tones on Thursday. Gold ETFs are based on the price of gold and its price fluctuates only with the fluctuations in its price. It should be noted that ETF inflows reflect weak investor interest in gold. A stronger dollar makes gold more expensive for holders of other currencies.

Investment in Gold ETFs decreased in May

Net investment in Gold Exchange Traded Fund in May 2020 declined by 57 per cent to Rs. 288 crore as compared to the previous month. It was Rs 688 crore in April. Investment in gold ETFs has come down because of investors turning to the stock markets. According to data from the Association of Mutual Funds in India (Amfi), the assets under management (AUM) of gold ETFs rose by six per cent to Rs 16,625 crore at the end of May, from Rs 15,629 crore at the end of April, despite declining investments in gold ETFs. crore was Rs. Earlier in March, investors had put Rs 662 crore in gold ETFs. His investment stood at Rs. 491 crore in February and Rs 625 crore in January.