Gold futures on the Multi-Commodity Exchange (MCX) reached a new record level on Wednesday as it neared the Rs 55,000 mark. The October contract of gold on the MCX touched an all-time high of Rs 54,910 per 10 gram. It is currently trading at Rs 54,848, higher by Rs 297 or 0.54 per cent from its previous close.
Silver prices: In bullion trade, it's usually gold that takes all the limelight but on Wednesday it was Silver's moment to shine along with gold. The precious metal was in huge demand.
Gold on Friday jumped Rs 773 to Rs 45,343 per 10 gram in the national capital as mounting worries over the economic fallout from the fast-spreading coronavirus drove investors towards the safe-haven metal.
Gold price today: Gold prices in Indian markets rose more than 1 per cent on March 2 after seeing a sharp fall in the previous session. On the Multi Commodity Exchange (MCX), April gold contracts were trading higher by Rs 280, or 0.70 per cent, at Rs 41,677 per 10 gram at 09:20 hours.
Gold prices on Thursday rose by Rs 78 to Rs 43,513 per 10 gram in the national capital on positive global trend as worries over spread of coronavirus raised yellow metal's safe haven appeal, according to HDFC Securities.
For the first time in history, Gold prices have logged life-time high to Rs 43,000 per 10 grams while Silver has touched Rs 48,600 on Thursday.
A major escalation in tensions between the US and Iran - the two biggest oil producing nations - following a US airstrike killing one of Iran's most powerful military commanders, General Qasem Soleimani, has sent global financial markets into a tailspin. While the stock markets have taken a beating, gold, silver and oil prices have jumped sharply.
Spot gold prices for 24 Karat in Delhi was trading marginally down by Rs 30 to Rs 38,955 in absence of festival buying and weak global prices.
Silver was also on weak ground, tumbling Rs 1,400 to Rs 48,500 per kilogram.
The 24-karat gold jumped by Rs 900 to trade at Rs 90,000 per 10 gram against Wednesday's closing price of Rs 89,100 per tola, according to the Karachi Sarafa Association.
Gold prices on Thursday jumped Rs 250 to breach the record Rs 40,000 per 10 gram levels for the first time at the bullion market here on strong demand from investors amid growing fears of a global economic slowdown.
Gold is considered as the best investment for the future. As festivals and wedding season approaches, gold prices are on peak. Well, gold price today is Rs 38,465 per 10g in the national capital. But, do you any idea of gold rates in the neighbouring country Pakistan?
On the Multi Commodity Exchange, gold contracts for July delivery fell by Rs 207, or 0.59 per cent, to Rs 34,925 per 10 gram in a business turnover of 14,737 lots.
Gold prices on Friday plunged Rs 400 to Rs 35,400 per 10 gram in the national capital due to easing demand from local jewellers even as the precious metal gathered steam overseas, according to All India Sarafa Association.
Tracking gold, silver too increased by Rs 710 to Rs 39,060 per kg on increased offtake by industrial units and coin makers.
Gold prices rose by Rs 100 to Rs 33,720 per 10 gm at the bullion market in the national capital on Tuesday on the back of positive demand from local jewellers amid favourable trend overseas, according to the All India Sarafa Association.
Gold prices Monday fell by Rs 100 to Rs 33,620 per 10 gram in the national capital due to subdued demand from local jewellers and a weak trend overseas, according to the All India Sarafa Association.
In the previous session, gold had risen by Rs 200.
On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 157, or 0.49 per cent, at Rs 32,255 per 10 gram in a business turnover of 251 lots.
Globally, gold prices rose over the lingering US-China trade war, it further received support on the expectation of rate cut by the US Federal Reserve which dented on the American currency, say reports.
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