Tension has started once again between Iran and America. Due to which the trend of investors has once again shifted towards safe haven. There is a rise in the prices of gold and silver in the markets of the country and the world. If we talk about India, there has been an increase of more than Rs 550 in the price of gold on the country’s futures market Multi Commodity Exchange. Whereas an increase of Rs 1350 has been seen in the price of silver. On the other hand, a rise in the prices of gold and silver is also being seen in the American markets. According to experts, both gold and silver may take some time to reach their peak. Let us also tell you at what level the prices of gold and silver are being seen in the American market apart from India…
Rise in gold and silver prices in India
Both gold and silver are seeing a rise on the country’s futures market Multi Commodity Exchange. According to the data, the price of gold is trading at Rs 1,59,775 with an increase of Rs 534 at 10.20 am. Whereas during the trading session, gold rose by Rs 559 and reached the day’s high of Rs 1,59,800. However, on Monday the price of gold had closed at Rs 159241. On the other hand, the price of silver is trading at Rs 2,67,575 with an increase of Rs 1412. This is also the high of the day. However, a day ago silver had closed at Rs 2,66,163.
Gold and silver became expensive in foreign markets
On the other hand, gold and silver have become expensive in foreign markets also. On the American futures market Comex, gold future is trading at $ 4,539.10 per ounce with an increase of about $ 33. Whereas the gold spot is seeing a rise of $ 26 per ounce and the price is trading at $ 4,510.98 per ounce. Silver future on Comex is trading at $ 75.99 per ons with an increase of about one percent. Whereas silver spot is trading at $ 65.06 per ons with a rise of 1.08 percent.
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