Global Markets In line with the bullish trend in gold, the price of silver reached an all-time high of Rs 97,100 per kg in the bullion market of the national capital on Wednesday. At the same time, gold also rose by Rs 250. According to HDFC Securities, silver remained strong for the third consecutive day. Its price jumped by Rs 1,150 to Rs 97,100 per kg. On Tuesday, silver closed at Rs 95,950 per kg. On Wednesday, silver reached an all-time high of Rs 96,493 per kg in futures trading on Multi Commodity Exchange (MCX).
Gold became costlier by 250
Meanwhile, gold strengthened by Rs 250 to Rs 73,200 per 10 grams in the capital. In the previous trading session, it closed at Rs 72,950 per 10 grams. HDFC Securities Senior Analyst (Commodities) Saumil Gandhi said, “Spot gold (24 carat) prices in Delhi markets are trading at Rs 73,200 per 10 grams, which is Rs 250 more than the previous closing price (Rs 72,950 per 10 grams).” In the international market Comex (commodity market), spot gold was trading at $ 2,352 an ounce, which is six dollars more than the previous closing price. Apart from this, silver is also trading at $ 32.05 an ounce. In the previous session, it closed at $ 31.50 an ounce.
Spot silver prices rise by 35 percent
Spot silver prices have rallied 35 per cent so far this year, hitting a 12-year high. The most traded silver July contract on MCX rose by Rs 52 to Rs 95,500 per kg. However, gold contract for June delivery was trading lower by Rs 131 or 0.18 per cent at Rs 72,049 per 10 grams.
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