On Wednesday, the price of gold in MCX rose by 0.23 per cent, or Rs 114, to Rs 50,153 per ten grams, while the price of silver rose by 1.03 per cent to Rs 703 or Rs 68,800 per kg.
On the lines of the rising prices of gold and silver in the international market, their prices in the domestic market have increased. Actually, signs of recovery in the global economy are expected to increase inflation. Therefore, investors are investing in gold for hedging inflation. It has an important role in increasing the inflation of gold.
Gold price increases in MCX
On Wednesday, the price of gold in MCX rose by 0.23 per cent, or Rs 114, to Rs 50,153 per ten grams, while the price of silver rose by 1.03 per cent to Rs 703 or Rs 68,800 per kg. The price of gold spot in Ahmedabad was Rs 49,854 per ten grams, while Gold Future sold at Rs 50121 per ten grams.
Also Read: Gold Price Today: Gold futures fall, silver also breaks, know what is the ongoing prices
Gold also rose in Delhi market
On Tuesday, spot gold in Delhi market rose by Rs 39 to Rs 49,610 per ten grams. This was the third consecutive day of increase in the price of gold. At the same time, silver increased by Rs 36 and reached Rs 68,156 per kg. In the global market, there was no significant increase in gold on Wednesday and it sold at $ 1877.76 an ounce. At the same time, US Gold Future gained 0.1 percent to sell at $ 1881.50. Silver prices fell and sold at $ 26.14 an ounce.
