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This week there has been a boom in gold and silver futures trading. Gold and silver futures opened at the previous close but later traded higher. Further ahead, gold futures were trading around Rs 76,400 while silver futures were trading around Rs 91,700. The prices of gold and silver are increasing in the international market.
rise in gold futures prices
The price of gold is increasing. The benchmark gold December contract on the Multi Commodity Exchange opened today at the previous close of Rs 76,360. At last the contract was trading at Rs 76,429 with a rise of Rs 69. At this time it touched an intraday high of Rs 76,429 and an intraday low of Rs 76,360. This year, gold futures reached an all-time high of Rs 76,630.
Silver prices increased
The benchmark silver December contract on MCX opened at Rs 91,623 today. The previous closing prices were also the same. After this, the last contract was trading at Rs 91,679 with an increase of Rs 56. At this time it touched the day's high of Rs 91,687 and the day's low of Rs 91,605. This year, the futures price of silver reached an all-time high of Rs 96,493.
Gold became expensive in international market, silver also increased after recession
Today, gold futures prices have started with an increase in the international market. Silver futures improved after a sluggish start. Gold opened at $ 2,679.50 an ounce on Comex. The previous closing price was $2,678.90 an ounce. Till the time of writing the news, it was trading at $ 2,684.10 an ounce with a gain of $ 5.20. Silver futures on Comex opened at $31.68, higher than the previous close of $31.75. And was last traded at $31.82 an ounce with a gain of $0.06.
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.
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.