Due to the bad data in America, there was a rise in the price of gold and silver. In India, gold has crossed 61 thousand rupees. Silver prices reached a two-year high.
Gold has once again reached record high. Due to the bad data in America, there was a rise in the price of gold and silver. In India, gold has crossed 61 thousand rupees. Silver prices reached a two-year high. If we talk about foreign markets, both gold and silver are trading at 13-month high. A few weeks ago the price of gold had crossed the level of 60 thousand. No one had any idea that gold would touch the level of 61 thousand so much.
Gold and silver at 13-month high in foreign markets
Talking about foreign markets first, both gold and silver are trading at 13 months high. According to the data, gold futures on Comex are up by about two percent at $ 2,039.10 an ounce. At the same time, the gold spot is trading at $ 2,021.72 per ounce with an increase of 1.87 percent. Silver futures are trading up by 4.18 per cent at $25.03 an ounce and silver spot is trading up by 3.57 per cent at $24.84 an ounce. According to experts, an increase of $ 50 per ounce can be seen in the price of gold spot in the coming days.
Gold reached beyond 61 thousand in India
The effect of boom in foreign markets has also been seen in India’s futures market. On the Multi Commodity Exchange, gold is trading at Rs 60,846 with a gain of Rs 832 at 8.35 pm. By the way, the price of gold also reached life time high with Rs 61,050. By the way, in about a month, an increase of Rs 5,740 has been seen in the price of gold, which is around 9 percent. If experts are to be believed, in the month of April, the price of gold can cross the level of 62 thousand.
silver at 2 year high
On the other hand, tremendous rise is being seen in the price of silver. According to the data of the Multi Commodity Exchange, the price of silver is trading at Rs 74,350 with a gain of Rs 2,270 at 8:35 am. By the way, silver had reached Rs 74,520 during the trading session. Presently silver is trading at 2 year high. Whose chances of reaching 80 thousand were visible in a few months. By the way, silver has given a return of 20 per cent in about a month.
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