Gold-Silver Price: On the Multi-Commodity Exchange (MCX), the gold rate had crossed Rs 60,000. A mixed trend was seen in gold and silver on MCX on Wednesday. On the other hand, the rates of both the precious metals also increased in the bullion market.
Gold Price 26th April: After the fall in the rate of gold and silver on Tuesday, a rise was seen again on Wednesday. If you are also planning to buy gold or silver, then you may be shocked to hear the expensive rate. For the last few days, there is constant ups and downs in the rate of gold and silver. Earlier, the gold rate on the Multi-Commodity Exchange (MCX) had crossed Rs 60,000. A mixed trend was seen in gold and silver on MCX on Wednesday. On the other hand, the rate of both the precious metals also increased in the bullion market. Experts say that gold can reach beyond 65,000 in the coming times.
The trend has been going on for two months
There has been a steady rise in the rate of gold and silver for the last two months. In the month of February, gold fell to the level of Rs 55,000. But after that a steady rise is being seen in the price of gold. Apart from the rise in gold, experts are also predicting a rise in silver. It is being estimated that in a few months silver can go up to Rs 80,000.
Mixed trend on MCX on Wednesday
A mixed trend was seen in the rates of gold and silver on the Multi-Commodity Exchange (MCX) on Wednesday. On Wednesday afternoon, gold was seen trending down by Rs 21 at Rs 60240 per 10 grams and silver was trending up by Rs 230 at Rs 74493 per kg. Earlier on Tuesday, gold had closed at Rs 60261 per 10 grams and silver at Rs 74263.
There was a boom in the bullion market
Bullion market rates are issued daily by the India Bullions Association (https://ibjarates.com). On Wednesday, 24 carat gold rose by more than Rs 300 to reach the level of Rs 60434 per 10 grams. The rate of silver also saw a rise on Wednesday and it reached the level of Rs 74315 per kg. On the same day, 23 carat gold reached the level of 60192, 22 carat gold at Rs 55358 and 20 carat gold at Rs 45326 per 10 grams.
