New Delhi: Gold costs are on the rise, and on Wednesday (May 26) the charges of the shinning yellow jumped for the third straight session within the ongoing week. On Multi Commodity Exchange (MCX), Gold futures for June month are buying and selling at Rs 500 increased to over Rs 49,000 per 10 gram.
Gold costs this week (May 24-26)
Day Gold (MCX June futures)
Monday: Rs 48553/10 grams
Tuesday: Rs 48867/10 grams
Wednesday: Rs 49050/10 grams (Currently buying and selling)
Gold costs final week
Monday: Rs 48474/10 grams
Tuesday: Rs 48307/10 grams
Wednesday: Rs 48674/10 grams
Thursday: Rs 48544/10 grams
Friday: Rs 48404/10 grams
Gold nonetheless reasonably priced by round Rs 7100 from the record excessive
In 2020, the Covid-19 pandemic had led to a public market crash. Stock costs hit their 52-week lows. As a outcome, many buyers flocked to safer funding devices comparable to gold and silver, resulting in a surge within the demand for valuable metals.
At one level in August 2020, the worth of 10 grams of gold on MCX reached the best degree of Rs 56191. However, the gold is at present buying and selling at round Rs 49,000 per 10 gram, which makes it Rs 7100 cheaper than record highs.
MCX Silver: Silver June futures are buying and selling at over Rs 400 per Kg increased than yesterday’s fee at round Rs 72,500. The costs of silver have additionally surged within the current previous few days. However, the charges are nonetheless Rs 7,500 lower than its record costs of Rs 79,980 per kg.
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