‘sFor the second time in a row, both gold and silver are trading at higher levels in the Multi Commodity Exchange (MCX). August futures are trading with a gain of Rs 364 at Rs 47,941 per 10 grams. Whereas, silver September futures are up by Rs 896 at Rs 67, 286 per kg.
Let us tell you, on Wednesday, gold futures were up by 0.11 per cent or Rs 53 marginally at Rs 47,610 per 10 grams. Silver was trading at Rs 66,349 per kg, up 0.40 per cent or Rs 264. On Wednesday, the market closed at Rs 47,577 and Rs 66390 respectively.
Gold’s prices rose to their highest level in a week on Thursday and a weakening dollar gave further support to the metal. According to the report, spot rose 0.5 percent to $ 1,815.56 an ounce and US gold futures rose 0.9 percent to $ 1,815.30 an ounce. News agency Reuters reported that investors are now eyeing the US weekly jobless claims data.
The US Federal Reserve said it was ‘far from considering raising interest rates’ and the US Central Bank in its statement acknowledged discussions on the eventual withdrawal of pandemic-era monetary support.
In the international market, silver rose 1.9 percent to $25.20 an ounce and platinum rose 0.9 percent to $1,073.66.
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| Metal | Rate of July 29 (Rs./10 gm) | Rate of July 28 (Rs./10 gm) | Rate Change (Rs./10 gram) |
| Gold 999 (24 carats) | 48147 | 47761 | 386 |
| Gold 995 (23 carats) | 47954 | 47570 | 384 |
| Gold 916 (22 carats) | 44103 | 43749 | 354 |
| Gold 750 (18 carats) | 36110 | 35821 | 289 |
| Gold 585 ( 14 carats) | 28166 | 27940 | 226 |
| Silver 999 | 67499 Rs/Kg | 66386 Rs/Kg | 1113 Rs/Kg |