Festival season has started, gold buyers will have to shell out more
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The festive season has started. With this the wedding season is also about to begin. There is a surge in gold sales in view of festivals and weddings. In such a situation, if you are also thinking about buying gold, then let us tell you that today i.e. on 27th October, gold is trading above Rs 61 thousand.
On October 27, gold opened at Rs 60,915 on the Multi Commodity Exchange and soon became costlier by Rs 72. Earlier on Thursday, gold had closed at Rs 60,952.
Silver also showed rise
If we talk about silver after gold, it is also trading rapidly on Friday. The shine of silver is continuously increasing. In the initial phase on Friday, silver opened at Rs 71,745 per kg. An increase in the price of silver was seen at 10.15 am. With this, silver has become costlier by Rs 287 and has reached the level of Rs 71,867 per kg. Earlier on Thursday, silver had closed at the level of 71,580 kg.
This was how it was a day ago
Silver prices rose by Rs 391 to Rs 72,178 per kg in futures trade on Thursday as traders increased the size of their deals amid strong spot demand. On the Multi Commodity Exchange, the price of silver contract for delivery in December rose by Rs 391, or 0.54 percent, to Rs 72,178 per kg.
18,524 lots were traded in this. Market analysts said the rise in silver futures prices was mainly due to buying of fresh deals by traders due to bullish trend in the domestic market. Globally, silver price in New York rose by 0.84 percent to $ 23.20 an ounce.
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