Gold Silver Rate Today 24 December 2021: The country is witnessing an increase in the price of gold and silver today and with this, before the last trading week of the year, gold and silver are trading with a brisk pace. Apart from this, gold and silver are trading fast in the global markets today.
How are the prices of gold and silver in the domestic market
Today, if we look at the prices of gold and silver in the domestic market, both gold and silver are seeing an increase on the Multi Commodity Exchange (MCX). The February futures of gold is up by 0.11 per cent or Rs 53 at Rs 48,205 per 10 grams. On the other hand, silver March futures are trading at Rs 62,330 per kg with a jump of 0.03 per cent.
what are the reasons for the increase in prices
Once again, the bullion market has started increasing in the country and the trend of people is moving towards buying gold and silver. Apart from this, the effect of falling rupee and increasing dollar price is coming on gold. The effect of the huge demand for silver coming from industrial units is now being seen on the price of silver as well.
Gold is almost Rs 8000 cheaper than its all-time high
Although the price of gold is around the green mark of bullishness, but its price is also about Rs 8000 cheaper than its all-time high at this time. Bullion market experts believe that the prices of gold and silver may show further rise in the coming times as its demand will continue to increase in the country.
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