New Delhi: In the futures market, gold is now very shut to reclaiming the Rs 50,000 mark. But on Wednesday (May 26), there’s a slight slowdown within the bullion market.
Silver costs are additionally rising day by day. On the Multi Commodity Exchange (MCX), silver futures in the present day slipped beneath Rs 72 thousand, indicating a slight fall within the costs of valuable metals within the bullion market.
On Tuesday (June 1), gold June futures closed above Rs 49,000 per 10 grams after a number of days. As a consequence, August futures of gold are exhibiting slight power. Gold August futures are buying and selling close to Rs 49,500.
Gold charges this week
Day Gold (MCX June Futures)
Monday 48821/10 grams
Tuesday 48995/10 grams
Wednesday 49499/10 grams (August futures, buying and selling continues)
Last week’s gold transfer
Day Gold (MCX June Futures)
Monday 48553/10 grams
Tuesday 48867/10 grams
Wednesday 48784/10 grams
Thursday 48581/10 grams
Friday 48542/10 grams
Gold cheaper by about Rs 6700 from the very best degree
In the month of May 2021, gold futures turned costly by Rs 1500 per 10 grams. Despite the sharp rise within the costs, gold is still buying and selling Rs 6700 cheaper from record ranges attained final yr in August.
In 2020, traders invested closely in gold, which fueled the yellow steel’s rally to a record excessive of Rs 56191. Overall, in 2020, gold gave a return of 43%. If in contrast with the very best degree, then gold has damaged up by round 25%, as gold August futures are presently on the degree of Rs 49500 per 10 grams on MCX.
MCX Silver: On Tuesday (June 1), silver closed at round Rs 72,300 with a power of about Rs 400, but in the present day silver futures have misplaced all of the positive aspects. Silver futures are seen buying and selling with a weak spot of Rs 350 per kg. Prices have slipped beneath Rs 72,000.
