Investors are worried as the number of coroners in the country continues to rise. Gold and silver rallied on Monday on rising economic uncertainty. Today, gold is up by Rs 150 and silver by Rs 500.
At the Multi Commodity Exchange (MCX), gold is currently trading at Rs 44,900 per 10 grams, up by Rs 150. Earlier in the day, gold had closed at Rs 44,785. It had increased by Rs 94. At present, silver is trading at Rs 67,351 per kg on MCX. It has increased by Rs 507. Silver had touched a low of Rs 65,933 on Friday.
According to the website Good Returns, the price of 22-carat gold fell by Rs 43,840 in Mumbai on Monday. The price of 24-carat gold has gone up to Rs 44,840. In Delhi, 22-carat gold has touched Rs 44,160. Gold for 24 carats is priced at Rs 48,170. In Chennai, the price of 22 carats is Rs 42,270 and the price of 24 carats is Rs 46,110. In Kolkata, 22-carat gold is priced at Rs 44,310 and 24-carat gold is priced at Rs 46,950.
Gold is trading at १७ 1,724 an ounce in global commodity markets. Silver is trading at. 26.14 an ounce. It has increased by 0.9 percent. Meanwhile, the rise in Corona has had an impact on the capital markets today. The stock market plunged today. With financial instability, investors are likely to once again prefer gold as a safe investment. Therefore, gold prices have risen today, experts said.
Gold is still cheaper by Rs 12,000
As gold becomes cheaper, the demand for gold in the bullion market has increased. Gold, which touched a high of Rs 56,300 in August, is now down by Rs 12,000. In the year 2021, gold has become cheaper by Rs 6,000.