Gold and silver prices rise, find out the current rates in the market today.

Gold Price Today: Increase in Demand Leads to Jump in Gold and Silver Prices

• Gold price on MCX for delivery in August 2023 increased by Rs 108, or 0.18%, trading at Rs 58,881 per 10 grams.
• Gold price on MCX for delivery in October 2023 increased by Rs 152, or 0.26%, trading at Rs 59,262 per 10 grams.
• Silver price on MCX for delivery in September 2023 increased by Rs 297, or 0.42%, trading at Rs 71,414 per kg.
• Silver price on MCX for delivery in December 2023 increased by Rs 356, or 0.49%, trading at Rs 72,870 per kg.

Gold Price in Global Market

• Gold on Comex for delivery in August 2023 increased by 0.37%, trading at $1,944.20 per ounce.
• Gold in the spot market increased by 0.35%, trading at $1,939.01 per ounce.

Silver Price in International Market

• Silver on Comex for delivery in September 2023 increased by 0.68%, trading at $23.44 per ounce.
• Silver in the spot market increased by 0.49%, trading at $23.23 per ounce.

Today, there was a significant increase in the demand for gold and silver on Comex, resulting in a jump in the price of both these precious metals. On MCX, gold prices for delivery in August 2023 rose by Rs 108, or 0.18%, reaching Rs 58,881 per 10 grams. Similarly, gold prices for delivery in October 2023 increased by Rs 152, or 0.26%, reaching Rs 59,262 per 10 grams. This surge in gold prices reflects the growing interest of investors in the precious metal.

In the futures market, silver prices also experienced a positive trend. Silver for delivery in September 2023 on MCX increased by Rs 297, or 0.42%, reaching Rs 71,414 per kg. Silver for delivery in December 2023 rose by Rs 356, or 0.49%, trading at Rs 72,870 per kg. The rise in silver prices indicates the strong demand for the metal.

In the global market, gold prices continued to rise. Gold for delivery in August 2023 on Comex increased by 0.37%, trading at $1,944.20 per ounce. In the spot market, gold traded at $1,939.01 per ounce, with a 0.35% increase. These price movements suggest a positive sentiment towards gold as a safe-haven investment.

Silver prices also witnessed an upward trend in the international market. Silver for delivery in September 2023 on Comex rose by 0.68%, trading at $23.44 per ounce. In the spot market, silver traded at $23.23 per ounce, with a 0.49% increase. The rise in silver prices reflects the growing industrial and investment demand for the metal.

Overall, the increase in demand for gold and silver in both domestic and international markets has led to a significant jump in their prices. Investors and traders are closely monitoring these price movements to make informed decisions regarding their investments in precious metals.