On the first trading day of the week, global markets indicated a rise in gold and silver prices, increasing activity in the bullion market. However, on the domestic front, a significant report has emerged regarding gold imports from India. Gold imports into the country have declined sharply for the second consecutive month. In September, gold imports fell 81.27% to just $1.8 billion, which is considered a significant change for the economy and the market.

What are the prices in the international market?
On October 19th, the prices of both gold and silver rose on the international market, Comex. At around 9 am, gold rose by 0.45% on Comex, reaching $4,199.90 per ounce. Silver prices also rose by 0.88%, trading at $57.810 per ounce.

What are the prices of gold and silver in the domestic market?
Gold and silver prices are witnessing an upward trend in the domestic bullion market during the week. As soon as the market opened, investors and buyers saw an increase in the prices of precious metals. 10 grams of gold is trending higher at around ₹1.48 lakh, while silver is also seen trading strongly at around ₹2.12 lakh per kilogram. According to market experts, this rise has been recorded due to global signals and domestic demand.

What are the prices on MCX?
On the Multi Commodity Exchange, gold rose by just ₹500 to ₹1,48,397 per 10 grams. Silver, meanwhile, rose by ₹1,500 to ₹2,12,595 per kilogram.

PC: JAGRAN