Gold and silver became expensive on the first day of the year, know how much the price increased
new Delhi. On the first day of the year, the Indian futures market is witnessing a slight rise today. According to experts, investors are in a holiday mood. Because of which there is not much action to be seen in the price of gold and silver. Anyway, today the futures market will be open till five in the evening. It will be closed after that. On the other hand, gold appears to be moderately expensive in the overseas market. At the same time, there is a decline in the price of silver. There may be good action from Monday on the price of gold and silver. Let us also tell you that at what rate the prices of gold and silver are seen trading today.
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Gold and silver in foreign market
First of all, if we talk about foreign markets, there is not much action in the price of gold and silver. In the US market, gold is trading at $ 1895.10 an ons with a spurt of $ 1.70 an ons. While the price of silver is down by 0.61 percent at $ 26.41 an ons. In Europe, gold is trading at 1554 Euros and silver at 21.61 Euros ons. In the UK, silver is trading at 19.31 pounds and gold at 1388.75 pounds per ounce.
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Gold and silver in Indian futures market
On the other hand, there is a slight rise in the price of gold and silver in the Indian futures market. First of all, if gold is on 5 February 2021, the contracted gold is trading at Rs 50,197 per ten gram with an increase of Rs 46 per ten gram. Whereas gold today opened at Rs 50,180 per ten grams. On the other hand, the price of silver is seen rising by 79 rupees. After which the price has gone up to Rs 68,184 per kg. While silver opened at Rs 68,254 per kg this morning.
Business will run till 5 pm today
According to Kedia Commodity Director Ajay Kedia today the futures market will be open till 5 pm. He said that gold is not seeing much in the price of silver because the investor is in a festive mood. There will be a reshuffle in the price of gold and silver from Monday. They say that due to the fear of the new strain of Corona, it can see the rise in the price of gold and silver.