New Delhi: Due to strong demand in the spot market, speculators bought fresh deals, in which gold rose by Rs 159 to Rs 49,186 per 10 grams in the futures market on Tuesday. At the Multi Commodity Exchange, the delivery gold contract price in August rose by Rs 159, or 0.32 percent to Rs 49,186 per 10 grams. It traded for 7,508 lots. Market analysts said that fresh futures buying by traders led to a rise in gold futures. In New York, gold gained 0.31 percent to $ 1,823.10 an ounce.
On Tuesday, gold prices rose by Rs 95 per 10 grams and silver by Rs 2025 per kg in Sarafa Bazar of Indore. In spot trade, gold sold 50625 in the high, Rs. 50550 per 10 grams in the lower and silver 54025 in the higher and Rs. 53650 in the lower. Average prices of precious metals remained as follows. Gold 50575 per 10 grams. (Without GST) Silver Rs 53850 per kg. (Without GST) silver coin Rs 625 per piece. (Without GST).
Gold became expensive by 192 rupees in Delhi. The price of 10 grams of gold reached Rs 50,214 in Delhi today. On Monday, the price of gold was Rs 50,022 per 10 grams. At the same time, the price of silver jumped by Rs 1832 per kg. Silver closed at Rs 56,441 per kg. On Monday it was Rs 54,609 per kg. Gold was trading at $ 1841 and silver at $ 21.42 an oz in the international market at 6 pm on Investing.com.
Significantly, on July 20, after nearly 4 years, the spot price of silver has crossed $ 20 ounce. Earlier in September 2016, it crossed the $ 20 per ounce level.