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A week ago, gold and silver futures started with a rise, but later silver prices saw a decline. Today gold futures were trading near Rs 74,300, while silver futures were trading near Rs 90,000. International gold futures prices are rising, silver prices are falling.
Gold became expensive
Gold futures opened on a positive note today. The benchmark October contract of gold on the Multi Commodity Exchange opened today with a gain of Rs 165 at Rs 74,205. Seven was trading at Rs 74,280 with a gain of Rs 240 during this period. During this time it touched an intraday high of Rs 74,306 and an intraday low of Rs 74,205. This year, gold futures reached an all-time high of Rs 74,471.
Silver prices fall after a solid opening
Silver futures started on a positive note today. The benchmark silver December contract on MCX opened today with a gain of Rs 42 at Rs 90,177. However, after that the contract gradually declined by Rs 61 to trade at Rs 90,074. At this time it touched an intraday high of Rs 90,230 and an intraday low of Rs 90,021. This year, the silver futures price reached an all-time high of Rs 96,493.
Gold prices rise in international market, silver sluggish
Silver futures opened with gains in the international market today. But later the prices fell. Gold opened at the previous closing price. Gold opened at $2,64.20 an ounce on Comex. The previous closing price was $2,646.20 an ounce. Then it was trading at $2,654.10 an ounce with a gradual gain of $7.90. Silver futures opened at $31.53 on Comex. The last closing price was $31.50. However, the latter was trading at $31.42 an ounce with a decline of $0.08.
Fluctuation in gold and silver prices will continue
Before the third week of September, the prices of gold and silver had increased continuously for two days, but now their prices have been falling for the last two days. There may be some fluctuation in this price in the future.