Gold and silver futures rise once again after yesterday’s steep downfall in the price of precious metals. The gold and silver price increased due to domestic market gain as a US rally made dollar look attractive and hence made precious metals look attractive too.
Gold futures on MCX rose by 0.71% – rs 348 at Rs 49,393 per 10 grams whereas silver futures dropped by 0.52%- Rs 345 to Rs 66,251 per kg. On the other hand, in the spot market, the gold price in the national capital- Delhi rose for the second day by Rs 297 and reaching Rs 48,946 per 10 gram. Silver also gained Rs 1,404 to Rs 65,380 per kg.
Apart from this globally, the Gold prices rose up on Wednesday – January 13, 2021, as the dollar pulled back. The Spot gold increased by 0.2 per cent to $1,858.56 per ounce, while US gold futures also increased by 0.9 per cent to $1,860.10.
Whereas Silver price dipped 0.2 per cent to $25.51 an ounce. The other precious metals such as Platinum increased by 0.3 per cent to $1,079.21, while palladium too stayed stable at 0.2 per cent to $2,388.78.