Gold prices rose for the second consecutive day amid global rates. Gold futures on MCX rose by 0.06% to 48,275 per 10 grams, while silver futures were up 0.3% to 49,133 per 10 grams.
In the previous session, gold had fallen by 0.1% per 10 grams while silver had fallen by 0.5% per kg. Last week, gold reached a record high of 48,589 per 10 grams.
In global markets, gold prices were flat today, but in four years such a high growth has been seen in gold. Spot gold remained unchanged at $ 1,770.77 an ounce.
Among other precious metals, platinum was up 0.1% at $ 806.22 and silver by 0.3% at $ 17.81.
Gold prices may rise even further
This year gold prices are going to skyrocket and gold can reach beyond 50,000 per 10 grams. The rise in gold prices is due to the Coronavirus era. People consider it as a safe investment, due to which the prices of gold are increasing.