Gold-Silver Prices Today: Today, there is a rise in the prices of gold and silver, check the latest rates here..
Today i.e. on Friday, September 2, the prices of gold and silver are trading in green in the domestic and international markets. Gold Price Today on the Multi Commodity Exchange is trading with an increase of 0.01 percent. At the same time, today there has been a significant increase of 1.12 percent in the futures price of silver. In the international market too, the spot rates of gold and silver have increased today.
On MCX, 24-carat purity gold was trading higher by Rs 6 at 10:05 am at Rs 50076 per 10 grams. Trading in gold started from Rs 50,050 today. After the opening of the price, there was a rise once and the rate became Rs 50,123. But later the price dropped a bit and the rate became Rs 50076 per 10 grams.
After a few days of sluggishness, the price of silver has risen well on the Multi Commodity Exchange today. The rate of silver increased by Rs 577 to Rs 52,300 per kg on Friday. Today trading in silver started from Rs 52519. Shortly after, there was a jump in the prices and it reached Rs 52,519. However, it did not last long and then broke down to Rs 52,300.
Gold may fall further this month!
Prices may go down in September. In September, the price can be Rs 49,000 to Rs 50,000 per ten grams. But it is almost certain to increase after October. Commodity expert Ajay Kedia said that gold and silver prices are likely to rise in global markets after the Fed hikes interest rates.
International market boom
On Friday, there is a rise in gold and silver in the international market as well. In the US markets, the price of gold has increased by 0.12 percent to $ 1699.55 an ounce. Similarly, the spot rate of silver has also increased by 0.021 percent to $ 17.87 an ounce today.
It is worth noting that yesterday, gold reached its 6-week low in the international market. Gold has been under pressure for the past few days due to the strengthening of the US dollar and the rise in US bond yields. Market experts say that gold prices can rise only if there is a correction in the US dollar and bond yields.