Gold and silver prices are witnessing a sharp rise on Monday. In the first trading session of the week, gold prices rose over 1.00 percent, while silver prices gained over 1.50 percent.
At 11:30 am on Monday, gold for December 4 delivery was trading up by Rs 1,476 (1.04%) at Rs 1,44,028 per 10 grams on the MCX. Gold prices today opened at Rs 1,43,562 per 10 grams, up from Friday's previous close of Rs. 1,42,552 per 10 grams to Rs. 1.010 to Rs. 1,43,562. At the time of writing, the gold price is Rs. 1,43,562 per 10 grams from an intraday low of Rs. 1,44,400 per 10 gm. This means that compared to Friday's closing price, today's gold price is Rs. 1,484 has increased.
Similarly, silver for delivery on December 4 was at Rs 1,87,871 per kg, up by Rs 2,771 (1.50%) at Rs 1,87,871 per kg. Silver prices rose sharply by Rs 3,500 to Rs 1,88,600 per kg from Friday's closing price of Rs 1,85,100 per kg. At the time of writing, silver prices touched an intraday low of Rs 1,87,781 per kg and an intraday high of Rs 1,89,399 per kg. Compared to Friday's closing price, silver today rose by Rs 4,299.
Friday last week
It may be noted that the price of gold and silver also fell in Delhi's bullion market last Friday. According to the All India Bullion Association, gold of 99.9 per cent purity fell by ₹2,500 to close at ₹1,46,300 per 10 grams. Silver prices fell by ₹2,000 to close at ₹1,92,500 per kg.
