Gold-Silver Today: Gold and silver prices returned, silver became costlier by Rs 6000 as soon as the market opened, gold also rose.
Gold-Silver Price 25 Feb: Gold and silver prices witnessed a rise on the Multi Commodity Exchange (MCX) today as investors turned to safer investment options amid uncertainty over US tariff policies during Asian trade. Apart from this, the market sentiment also remained positive due to less possibility of interest rate cut in the near future. The rally in the last few sessions has been further strengthened by rising geopolitical tensions in the Middle East.
There has been a rise in the prices of gold and silver this morning. On MCX, gold with expiry of April 2 rose by ₹ 785 (0.49%) to ₹ 1,60,754 per 10 grams. At the same time, there has been a huge rise in the prices of silver. Silver for delivery on March 5 is trading at ₹2,66,748 per kg, up by ₹6,004 (2.30%).
Silver crossed Rs 2.6 lakh
According to the latest data, the price of gold in India has reached the level of ₹ 1,60,360 per 10 grams, while silver is at ₹ 2,61,310 per kg. The reason behind this increase is the increased demand from jewelers and traders in the Indian markets, which has supported the prices. Apart from this, the weakness of the rupee against the dollar has also increased the prices of gold, because falling rupee increases the prices of imported gold.
Price of gold and silver in international market
There has been a slight decline in the prices of spot gold and silver in the international market, but a slight increase was seen in other metals like platinum and palladium. On Tuesday, the price of gold had fallen by more than 1%, but on Wednesday the prices of gold have become stable.
Also read: Gold-Silver Today: Gold and silver prices returned, silver became costlier by Rs 6000 as soon as the market opened, gold also rose.
Silver becomes cheaper by Rs 1.56 lakh from all time high
If you were waiting for further fall in the prices of gold and silver, then this could be a good opportunity for you. Silver has become cheaper by ₹1.56 lakh from its all-time high of ₹4,20,000, and gold has also fallen by ₹22,000 from its record high of ₹1,83,962. So, if you have been waiting for the right rate for a long time, this could be a good investment opportunity.
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