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Gold and silver futures trading is seeing a boom in the initial phase. Today i.e. on Friday, October 11, the futures prices of both the metals have opened with a rise. Today, the futures price of gold is around Rs 75,750, while the futures price of silver is trading around Rs 90,750. The prices of gold and silver are increasing in the international market.
gold futures price increased
Gold futures prices started with a rise. The benchmark gold December contract on the Multi Commodity Exchange opened today with a gain of Rs 363 at Rs 75,660. The last contract was trading at Rs 75,730 with a rise of Rs 433. At this time, it touched an intraday high of Rs 75,776 and an intraday low of Rs 75,660. This year, gold futures reached an all-time high of Rs 76,630.
Silver prices also increased
Silver futures opened strongly today ahead of Dussehra and Lagansara. The benchmark silver December contract on MCX opened today at Rs 90,592 with a rise of Rs 288. The last contract was trading at Rs 90,773 with a gain of Rs 469. At this time, it had touched an intraday high of Rs 90,887 and an intraday low of Rs 90,592. This year, the futures price of silver reached an all-time high of Rs 96,493.
Huge jump in gold and silver futures prices in the international market
Today, gold and silver futures prices started with a rise in the international market. Gold opened at $ 2,647.39 an ounce on Comex. The previous closing price was $2,639.30 an ounce. Last time it was trading at $20.20 an ounce with a gain of $20.20. Silver futures on Comex opened at $31.37, the previous closing price was $31.24. And last time it was trading at $31.51 per ounce, up by $0.27.
What is the difference between 22 and 24 carat gold?
24 carat gold is 99.9 percent pure and 22 carat gold is approximately 91 percent pure. Jewelery is made by mixing 22 carat gold with 9 percent other metals like copper, silver and zinc. Whereas 24 carat gold is shiny. But jewelery cannot be made from it. Therefore most traders are selling 22 carat gold.
Know the price by missed call
To know the retail rate of 22 carat and 18 carat gold jewellery, you can give a missed call on mobile number-8955664433. The new prices will be available via SMS within a few minutes. Apart from this, you can visit www.ibja.co or ibjarates.com for continuous updates.