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mcx gold silver price: The precious metal rose on a weekly basis due to global factors. MCX silver futures rose 3.85 percent during the week. When the price of gold is Rs. There was an increase of Rs 903 per 10 grams.
The price of gold in the spot market of Ahmedabad on weekly basis is Rs. Yesterday there was an increase of Rs 2000 per 10 grams. 75500 was done. While the price of silver is Rs. 4000 per kg was increased. Silver on Friday was Rs. 85000 per 1 kg.
Globally, gold and silver prices rose in the bullion market this week on the possibility of a rate cut by the US Federal Reserve. Which also affected the local market. Moreover, factors including reports of rising tensions in the Middle East, rise in crude oil prices also boosted the precious metal. Bullion experts are hopeful that the rise will continue.
MCX Gold Rs. increased by 903
There were 7,56,848 deals worth Rs 72,711.86 crore in gold and silver futures trading on major commodity derivatives exchange MCX. Gold June futures on MCX opened at Rs 70,678 per 10 grams at the beginning of the week, touched an intra-day high of Rs 71,708 and a low of Rs 70,082 during the week, ending the week with a jump of Rs 903 at Rs 71,639. reached at.
In comparison, Gold-Guinea May contract rose by Rs 610 per gram to Rs 57,763 and Gold-Petal May contract rose by Rs 62 to Rs 7,053 per gram. Gold-mini June futures rose by Rs 885 to Rs 71,586 per 10 grams.
MCX Silver Rs. 3060 bounced
In silver futures, silver opened the July week at Rs 81,325 per kg, touched an intra-day high of Rs 84,575 and a low of Rs 80,436 during the week, closed at Rs 84,499 with a jump of Rs 3,136. . at the end of the week. , Silver-Mini June contract rose by Rs 3,055 to Rs 84,368 and Silver-Micro June contract rose by Rs 3,060 to Rs 84,362.