Gold and Silver Rates Show Increase in Evening Trade
The India Bullion and Jewelers Association reported an increase in gold and silver rates during the evening trade on June 9, 2023. The gold rate rose to Rs 59,976, marking a gain of Rs 16 from the morning rate of Rs 59,960. Silver also increased by Rs 118 from the morning rate of Rs 73,559 to end at Rs 73,677 per kg.
Gold is currently trading below its all-time high by Rs 1,670, while silver is trading below its all-time high by Rs 2,787. Today, gold is trading at $1,965.35 an ounce in the US, down by $0.08, while silver is trading at $23.36 per ounce, with a gain of $0.10.
In the Multi Commodity Exchange (MCX), the futures trade of gold for August 4, 2023, is trading at a level of Rs 59,934.00, with a gain of Rs 43.00. Meanwhile, the futures trade of silver for July 5, 2023, is trading at a level of Rs 73,955.00, with a gain of Rs 285.00.
Despite the increase in rates, gold is still selling below Rs 60,000, providing a good opportunity for investors to buy.
In major cities across India, the evening rates for gold and silver remained the same on June 9, 2023.
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English Summary:
– Gold rate increased by Rs 16 from the morning rate to end at Rs 59,976, while silver increased by Rs 118 to end at Rs 73,677 per kg during the evening trade on June 9, 2023.
– Gold is trading below its all-time high by Rs 1,670, while silver is trading below its all-time high by Rs 2,787. In the US, gold is trading at $1,965.35 an ounce, down by $0.08, while silver is trading at $23.36 per ounce, with a gain of $0.10.
– The futures trade of gold for August 4, 2023, is trading at a level of Rs 59,934.00, with a gain of Rs 43.00. Meanwhile, the futures trade of silver for July 5, 2023, is trading at a level of Rs 73,955.00, with a gain of Rs 285.00.
– Gold is still selling below Rs 60,000, providing a good opportunity for investors to buy.
– In major cities across India, the evening rates for gold and silver remained the same on June 9, 2023.
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