new Delhi. The spot market for precious metals has been closed due to the lockdown imposed to prevent the spread of coronavirus infection. Meanwhile, a tremendous jump in gold and silver prices is being seen in the futures market. On Monday, gold prices are continuously climbing in the business till now. Gold once again sold 45 thousand 909. Set a new alltime high record per 10 grams.
Gold prices rise by more than 1%
In the Multi Commodity Exchange (MCX) in June, gold prices rose more than 1% in early trade on Monday and rose to Rs 45,800 per ten gram. During the business, gold set a new all-time high of Rs 45909 per ten grams. At 10.40 am, gold is trading at Rs 45,892 per ten gram, up by 1.32%, or Rs 598. Gold price in India includes 12.5% import duty and 3% GST. India meets most of its gold needs through imports.
Silver prices also rise
Apart from gold, the price of silver, other precious metal, is also rising. Silver was up 0.4% in early trade and reached Rs 43,670 per kg. It has now gone up by 0.91% or Rs 398 to Rs 43917 per kg. At the same time, gold and silver are trading flat in the global markets. In international markets, gold is trading at $ 1686.82 an ounce and $ 15.40 an ounce. Platinum is trading at $ 745.74 an ounce.
Record of alltime high was also made last week
Since the global spread of coronavirus infection, investors have moved towards precious metals. Due to this, their prices are continuously increasing. Last week also saw a jump in gold prices and set an all-time high of Rs 45,724 per ten grams, with a gain of Rs 2000.
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