Due to the confidence of investors, gold prices have seen a rise again. On Monday, it saw an increase of 72 rupees.
Rise in the price of gold
For the past several days, there are frequent fluctuations in gold. On Monday, the price of gold rose again in futures trade. It saw an increase of Rs 72. On Monday, the June Gold futures opened on the Multi Commodity Exchange (MCX) at Rs 47604 per 10 grams in the morning. In the earlier trade, gold had closed at Rs 47532 per 10 grams in futures trade.
According to experts, due to the confidence of investors, gold prices have increased again. Investors also believe that this time is the right time to invest in gold. It can be useful in the future on the needs of the people. This will benefit them.
Silver futures also rise
Silver futures are also seeing a boom like gold. On Monday, the May Silver futures prices rose by Rs 412 to Rs 69086 per kg on Multi Commodity Exchange (MCX). The closing price of silver futures was Rs 68674 per kg on the previous evening. Silver was trading at around Rs 68575 per kg on MCX around 10 am on Monday.
Last week, the price of gold had come down
On Friday last week, the value of gold in Delhi was down by Rs 24. After the fall in the price of gold, the spot price of gold reached the level of Rs 47273 per 10 grams. Gold had closed at Rs 47297 per 10 gram level in the previous session. On Friday, the price of silver was also seen to fall by Rs 909, in the previous session, silver had closed at Rs 68971 per kg.
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