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Silver Gold Price : Wedding season is going on in the country and during this time there is huge purchase of gold and silver. Currently, a rise is being seen in the price of silver and after a rise of Rs 1200 in the bullion market early in the morning on Wednesday, today again this bright metal is spreading its shine with a rise. Due to the increase in the international market, the upward trend in gold and silver rates continues in the domestic market.
Silver prices on the rise in the international market
The price of silver on MCX is currently being sold at Rs 91329 per kg and it has started moving towards its high level again. March futures of silver on Multi Commodity Exchange have jumped by Rs 1200 (Rs 1194) showing an increase of 1.32 percent. In the morning, trading in silver started with a rise of more than Rs 1000. Silver prices are on the rise in the international market and due to this, silver is gaining strength in the domestic market too, whether it is the bullion market or the commodity market.
Increase in gold rates also seen
The rising trend in the price of gold continues and it has crossed Rs 77 thousand. February futures on MCX in gold are being sold at Rs 77130 per 10 grams. Once again gold seems to be moving towards its all-time high and an increase in the rates of this golden metal is being seen.
Price of gold and silver in international market
Today, the February contract of gold on COMEX is at the rate of $ 2687.66 per ounce and a rise of $ 26.16 or 0.98 percent is being seen in its price. A great jump is also being seen in silver on COMEX and it is seeing a jump of 1.62 percent and it is being seen at $ 31.185 per ounce.
What does a gold and silver expert say?
Colin Shah, MD of Cama Jewellery, says that the upward trend in the prices of gold and silver will continue because these precious metals are continuously gaining momentum in the international markets. Talking about gold, it is trading at the rate of Rs 78,000, 5 percent below its all-time high. Considering gold as a safe asset, the process of buying it will continue because due to the current geo-political tension in the Middle East and the possibility of the Russia-Ukraine war extending till February for 3 years, gold will continue to shine.
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