Mumbai. Gold and silver have improved significantly due to weakness in US dollar. Gold is constantly climbing on the top and the brightness of silver is increasing daily. Silver in the Indian futures market has crossed Rs 74000 per kg on Thursday and is about to break all its previous records soon. Silver has become expensive by about Rs 1000 per kg this week. Silver’s most active futures contract closed at Rs 64,984 per kg on July 31, while rose to Rs 74768 per kg on Thursday.
In the September expiry contract for silver on Multi Commodity Exchange (MCX) at 11.32 am on Thursday, it was trading at Rs 74,643 per kg, up by Rs 2750, or 3.83 per cent, from the previous session, while silver traded at Rs 74,768 during the previous trade. Jumped up to per kg. Which is the highest level of nine years. Let us tell you that on 25 April 2011, the price of silver on MCX went up to Rs 76,600 per kg, which is a record level till date.
Gold futures on MCX were trading at Rs 55540 per 10 gram, up by Rs 442, or 0.80 per cent, in October futures, while gold traded up by Rs 55,580 per 10 grams during the previous trade, which is an all-time record. Is the level.
The October futures contract for gold on the international futures market Comex was trading at $ 2052.50 an ounce, up $ 15.40, or 0.76 percent, from the previous session, while the previous price rose to $ 2,052.70 an ounce. In the previous session, gold futures had jumped to $ 2057.50 an ounce on Comex, which is a record level so far. In the global market, gold was present at the spot at $ 2050.02 an ounce.
The September contract for Comex was trading 2.84 per cent higher at $ 27.655 an ounce from the previous session in silver, while silver rose to $ 27.723 an ounce on the Comex before that. The price of silver on Comex rose to a record $ 49.83 an ounce in April 2011.
The dollar index, indicative of the strength of the dollar against the six currencies of the world, was at 92.70 with a weakness of 0.15 percent from the previous session. The dollar index climbed to 100.43 on May 18, but since then the dollar has continued to weaken.
Warning: Trying to access array offset on value of type bool in /home/todaynewsindia/domains/en.todaynewsindia.com/public_html/wp-content/themes/goodnews5/framework/e3lanat/ads-system.php on line 185
Leave a Reply