MCX Gold Updates
MCX Gold hit the all time high in today's trade. Gold hit the price level of 30570 in today's trade. Season coupled with a lot weddings enforced the gold to touch this level.Gold climbed for a sixth straight session by adding Rs 20 to hit an all-time high of Rs 30,570 per 10 grams. This is the highest price of gold in history ever.In the last one week the price of gold has been hiked by around $30.
Why there is sudden Rise in the Price of gold ?
It has been anticipated that the Federal Reserve is going to take steps to accelerate the economy.In the present stage, investors and traders are preferring to invest in gold.Gold prices have gone up in the global market.Growing weakness in the rupee also caused the price hike in the gold.
MCX Silver Updates
MCX Silver prices in today's trade rose 0.47 per cent to Rs 54,697 per kg at the futures trading today largely in tandem with a firm trend overseas. At the Multi Commodity Exchange, silver for delivery in July rose Rs 256 or 0.47 per cent to Rs 54,697 per kg with a business turnover of 4,757 lots.