Gold prices are increasing with each passing day. Gold futures on MCX were up 0.2 percent at Rs 53,865 per 10 grams. At 9.10 am it is trading at 53830 level which is the highest level to date. Talking about silver, silver futures on MCX also rose by 0.18 percent to Rs 65,865 per kg.
In global markets, spot gold held steady at $ 1,976.36 an ounce. Among other precious metals, platinum rose 0.2 percent to $ 918.50. Gold and silver prices in global markets are up 30 percent this year.
According to HDFC Securities, the price of both gold and silver rose on Monday in Delhi Bullion Market. Gold became costlier by Rs 185 to 54678 per ten grams. Silver became expensive by Rs 1672 and reached Rs 66742 per kg.
Gold and silver prices are expected to reach even higher levels in the coming time. Because gold is breaking new records every day.