Gold prices firm up amid rising Iran-Israel tensions
Gold futures, maturing on June 5, 2024, stood at Rs 72,813 per 10 grams on the MCX, up Rs 536 or 0.74 per cent from the previous day’s close of Rs 72,277.
Gold futures, maturing on June 5, 2024, stood at Rs 72,813 per 10 grams on the MCX, up Rs 536 or 0.74 per cent from the previous day’s close of Rs 72,277.
The price of gold went up on MCX on Wednesday with gold for June 5 delivery traded 0.44 per cent higher at Rs 71,652 per 10 grams at around 11:30 a.m.
In the international market, spot gold was up 0.2 per cent at $2,283.76 per ounce in morning trade after touching an all-time high of $2,288.09 earlier in the session.
Prices of the precious metal rose by Rs 1,028 per over the previous day's closing which works out to a nearly 1.5 per cent increase.
The rate of silver on Sunday morning was trading 1.80 per cent up at Rs 57,670 per kilo against its closing price in the last session, according to MCXindia.com.
Silver, on the other hand, traded 1.10 per cent higher at Rs 66,252.00 per kg.
The highly unpredictable economic situation makes investors move towards the safe haven asset.
Following gold’s footsteps, silver too rose by Rs 1,408 to Rs 49,483 per kg from Rs 48,075 per kg on Monday.
On Wednesday, gold gained momentum and crossed the Rs 46,700 level per 10 gram in futures market.
Indian markets have been gaining momentum and crossed the Rs 46,700 level per 10 gram in futures market earlier in the day.
