On Wednesday, gold futures closed at Rs 48,300 with a strength of Rs 400 per 10 grams. Although there was a softening in gold futures prices, but it has started rising once again. Gold futures are currently trading around Rs 48,400 till around Rs 100.
Gold rises this week (July 12-16):-
Day – Gold (MCX August Futures)
Monday – 47774/10 grams
Tuesday – 47889/10 grams
Wednesday – 48299/10 grams
Thursday – 48390/10 grams (Trading in progress)
Gold cheaper than the highest level by about Rs 7800:-
Last year, due to the Corona crisis, people had invested heavily in gold, the price of 10 grams of gold on MCX touched a high of Rs 56,191 in August 2020. August futures on MCX Rs 48,400 per 10 grams, which is still cheaper around Rs 7800.
MCX Silver :-
Silver September futures rose by Rs 340 per kg to close at Rs 696.19, which was close to Rs 70,000 on Wednesday. However, silver crossed Rs 70,000 intra-day. Silver futures are currently trading with a strength of Rs 300 per kg.
This week in silver (July 12-16):-
Day – Silver (MCX Aug – Futures)
Monday – 69375/kg
Tuesday – 69081/kg
Wednesday – 69619/kg
Thursday – 69700/kg (Trading in progress)
Silver cheaper by Rs 10,280 from its highest level:-
The all-time high of silver is Rs 79,980 per kg. According to this, silver has also become cheaper by about Rs 10,580 from its highest level. Silver July futures are today at Rs 69,700 per kg.