New Delhi: Gold and silver prices have reached their record level for the first time on Wednesday. After the boom in the international market on Wednesday, the prices of gold and silver in the domestic futures market have seen tremendous rise, both metals are at their highest level. Gold has touched the figure of 50,000. At the same time, silver is also running close to Rs 60,619.
The rate of August Gold Future on MCX saw an increase of 1 percent i.e. Rs 493, after which the price of gold reached Rs 50,020 in the morning. In September, the Silver Future rate increased by six percent, after which its rate has increased from Rs 57,342 to Rs 60,782. Gold futures were trading up by 0.99 percent on MCX at 11.03 am on the promise of Rs 50,017. At the same time, Silver Future saw a gain of 5.71 percent, after which Silver’s future rate was running at Rs 60,619.
On Wednesday, gold jumped one per cent to its all-time high in nine years amid expectations of a weak dollar in the international market and market relief to recover from the epidemic. Spot Gold was trading at a rate of $ 1,856.13 an ounce, up 0.8 percent. Earlier, it touched a figure of $ 1,865.35 an ounce, the highest level since September 2011.
