Gold and Silver Rates See a Rise on MCX
The price of gold has fallen below the record level of Rs.60,000, providing relief to those planning to purchase gold. The price of silver, on the other hand, remains high, hovering above 71 thousand rupees. However, there has been a boom in silver prices recently. On the first trading day of the week, gold and silver rose on the Multi-Commodity Exchange (MCX). Gold on MCX rose by Rs.162 to Rs.59515 per 10 grams, while silver rose by Rs.224 to Rs.71453 per kg.
Mixed Trend in Bullion Market
The daily published gold and silver rates by Sarafa Bazar on https://ibjarates.com show that gold has reached Rs.59973 per 10 grams, a rise of Rs.170. Similarly, silver has risen by approximately Rs.470 to reach Rs.70969 per kg. On Friday, gold closed at Rs.60142 per 10 grams and silver at Rs.70500 per kg. On Monday, a rise was also observed in 23 carat gold, making it cheaper at Rs.59733 per 10 grams, with 22 carat gold at Rs.54935 and 20 carat gold at Rs.44979 per 10 grams.
Experts Expecting Gold to Reach Rs.65,000
The price of gold has been experiencing a period of ups and downs recently. Despite the decline, experts predict that gold could reach the level of Rs.65,000. This fluctuation provides an opportunity for those planning to purchase gold and silver jewelry to benefit from the lower prices. On Friday, the rate of gold closed at Rs.59353 per 10 grams, while silver closed at Rs.71229 per kg.
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Sorted points by DelhiBreakings.com team.
👉 Gold rate falls below Rs 60,000, while silver is still above 71,000
👉 Gold and silver prices rose on MCX on Monday
👉 Experts predict gold to reach Rs 65,000
👉 Mixed trend in bullion market with rise in 23 carat gold
👉 People benefit from the fall in prices for buying gold and silver jewelry
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