Gold and Silver Price: Silver prices at the highest level of three and a half months, gold prices will have to be paid so much
Gold And Silver Price. There is a tremendous rise in the price of gold and silver between Israel and Palestine War. At the same time, due to the fall in the dollar index, gold and silver have reached the sky in the domestic and foreign markets. According to experts, gold and silver have reached the highest level of three and a half months in the foreign and domestic markets. Silver prices have crossed 74000 rupees. While gold is also seen trading at Rs 48500 per ten grams, according to experts, the price of gold and silver may see a further rise in the coming days.
Silver crossed 74000 rupees
First thing to do is silver in the domestic market Multi Commodity Index, during today’s trade, silver has crossed the level of 74 thousand rupees. Which is at the highest level of three and a half months. Earlier on 1 February, silver touched a level of 74 thousand rupees. Today, silver opened at Rs 73,755 per kg and rose to a high level of Rs 74,052 per ten grams. Currently, silver is trading at Rs 73860 per kg with an increase of Rs 536 per ten grams at 10 am.
Fall in the price of gold
Although today gold is trading cheaply in the Indian futures market, but its price reached close to 48500 on Monday, which is the highest level of February 1. If we talk about today, gold opened at Rs 48419 per ten gram today and came down to the day’s low level with Rs 48367. Currently, gold is trading at Rs 48382 per ten grams, falling by Rs 92. According to experts, the price of gold is likely to increase in the coming days.
Gold and silver in foreign markets
If you talk about the foreign futures market Comex, then gold is seen trading at flat level at $ 1870 an ons. While the price of gold spot is trading at $ 1867 an ons. While the price of silver is seeing a rise. Silver on Comex is trading up 1.14 percent at $ 28.60 an ons. While the price of Silver Spot is trading at $ 28.45 an ons, up by 0.99 per cent.
Support from war in Israel and Palestine
Anuj Gupta, Vice President (Commodity and Currency) of IIFL says that both silver and gold are seen to be supported due to the ongoing geological tension between Israel and Palestine. This support may continue further in the coming days. On the other hand, the dollar index is witnessing a period of decline. Due to which, the price of gold and silver is getting faster.