Gold-Silver Price On August 7: Did Yellow Metal Rates Rise Or Fall?

New Delhi: Gold and silver prices rose for the third consecutive day on Friday. This week began with a surge in gold and silver prices. On Friday, gold and silver prices saw a sharp rise. The prices of gold and silver in the MCX market increased by Rs 7,000 per 10 gm and Rs 11,500 per kg, respectively, over a span of three days.

Did the price of gold and silver rise in international market?

While gold prices rose in the international market Comex, silver prices fell. At around 9 am, gold rose by 0.36 per cent on Comex and the price reached $4,320 per ounce. COMEX silver was at $62.36 per ounce, up 0.12 per cent.

What are the latest prices on MCX?

Gold prices went up at Multi-Commodity Exchange (MCX). Gold prices surged to close at around Rs 1.49 lakh per 10 grams at MCX. Meanwhile, silver prices in India crashed by a significant amount, trading at around Rs 2.27 lakh per kg.

What is gold's price today?

The prices of gold in India have been increased today. The price of 24-carat gold is around Rs 1,49,870 per 10 grams and 22-carat gold is at about Rs 1,37,410 per 10 grams. The gold price for 18-carat has increased to an around Rs 1,12,460 per gram. The price of silver in India is hovering around Rs 2,39,990 per kg.

What is the reason for the increase in gold prices?

According to experts, there was pressure on gold prices due to profit booking by investors in the international market, strength in the dollar index and caution before the US Federal Reserve meeting. This had a direct impact on the Indian market and gold became cheaper and costlier in the domestic bullion market.

Should people buy now?

Experts believe that due to global tension and inflation, gold remains a safe haven. There is a bullish trend in the long term, but there may be some fluctuations in the short term. Before buying, please check the local bullion rate, making charges and taxes are different in every city.