Gold Breaks By Rs 5,000 In Two Months, Silver Falls By Rs 15,000
Gold breaks by Rs 5,000 in two months, silver falls by Rs 15,000, know the prices. The Gold futures price of December futures closed at Rs 50,817 per 10 gram on the last trading day of the week on the MCX exchange on Friday, up by Rs 642.
Apart from this, the futures price of gold on February 5, 2021, rose by Rs 801 to close at Rs 50,967 per 10 grams on Friday. Let us now know how much gold breaks this week.
Gold prices have increased this week
On Monday, October 05, the first trading day of this week, December futures gold on MCX opened at Rs 50,230 per 10 grams. In the previous session, the gold had closed at Rs 50,570 per 10 grams. In this way, the price of gold has registered a rise of Rs 247 per 10 grams this week.
Let us now talk about the futures price of gold on February 5, 2021. The gold opened at Rs 50,254 per 10 grams on the first trading day of the week on MCX. In the previous session, it had closed at Rs 50,683 per 10 grams. In this way, an increase of Rs 276 per ten grams was recorded in the price of gold this week.
Silver increased by Rs 1,739 this week
Now let’s talk about silver prices in the domestic market. The silver futures price of December futures closed at Rs 62,884 per kg on the last trading day of this week on Friday on MCX with a strong jump of Rs 2,392.
The silver price opened at Rs 60,737 per kg on MCX on Monday, October 5, the first trading day of the week. In the previous session, it had closed at Rs 61,145 per kg. In this way, an increase of Rs 1,739 per kg has been registered in the price of this silver.
Gold far away from previous high of Rs 5,198
Gold may have seen an increase in prices this week, but it is still far from its previous high. The previous high level of the gold price was seen on 6 August 2020. In this session, December futures gold had closed at Rs 56,015 per ten grams. If we compare it with the current price, gold breaks Rs 5,198 per ten grams away from its high level.
Silver recovers Rs 15,372 from previous high
Talking about the price of silver, its previous high was seen on 10 August 2020. In this session, the silver price of December futures closed at Rs 78,256 per kg. Comparing this price with the current price, this silver is down by Rs 15,372 per kg.
Gold price internationally
On the last day of the week, gold prices recorded a huge rise internationally. According to Bloomberg, the December futures of gold on the last trading day of the week closed at $ 1,926.20 an ounce, up 1.64 percent or $ 31.10 on the Comex. Also, the global spot price of gold was up 1.93 percent or $ 36.58 to close at $ 1930.40 an ounce.
Silver price internationally
Internationally, silver prices also gained on the last day of the week. According to Bloomberg, the global futures silver prices for December futures closed at $ 25.11 an ounce, up 5.16 percent or $ 1.23 on the last trading day on Comex.
At the same time, the global spot price of silver was up 5.52 percent, or $ 1.32, to close at $ 25.15 an ounce.
