Gold and silver prices surged in India amid West Asia crisis, know what was the situation in the market
Delhi. On Tuesday, gold prices rose by Rs 254 to Rs 1,53,100 per 10 grams in futures trade due to buying of fresh deals by speculators amid strong spot demand. On the Multi Commodity Exchange, the price of the contract for delivery in the month of August increased by Rs 254, or 0.17 percent, to Rs 1,53,100 per 10 grams. 74 lots were traded in this.
Market analysts said buying of fresh deals by traders led to the rise in gold futures prices. Globally, gold rose 0.50 percent to $ 4,544.62 an ounce in New York.
Amid the West Asia crisis, the price of silver rose by Rs 225 to Rs 2,44,120 per kg in futures trade on Tuesday. On the Multi Commodity Exchange, the price of silver contract for delivery in July increased by Rs 225, or 2.08 percent, to Rs 2,44,120 per kg. 982 lots were traded in this.
Market analysts said silver futures prices rose due to buying of fresh deals by traders due to a firm trend in the domestic market. Globally, silver price in New York rose by 2.36 percent to $ 78.29 an ounce.
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