Akshaya Tritiya 2022: Gold prices surge by over Rs 300
Due to the increase in the prices in the global market, there has been a big jump in the rate of gold and silver on Friday morning. Gold once again crossed 51000, while silver is selling above 64 thousand.
On the Multicommodity Exchange (MCX), the futures price of gold of 24-carat purity rose by about 0.56 percent in the morning. Due to this, the price of gold increased by Rs 353 to Rs 51,615 per 10 grams. The yellow metal started trading openly at Rs 51,499 per 10 grams. Earlier, gold prices had declined in six consecutive trading sessions. On Thursday itself, the price of gold had come down by about Rs 400.
Silver also shines
Silver prices have also shown a sharp jump in today’s trading. On MCX, the futures price of silver rose 0.44 percent in the morning and silver became expensive by Rs 433 to Rs 64,350 per kg. When the exchange opened in the morning, silver started trading at Rs 64,150 per kg. Earlier, the prices of silver also fell continuously and at one time it had gone below 64 thousand.
Global market boom
Gold and silver prices are also showing an upward trend in the global market today. Gold prices rose today due to a fall in the US Treasury yield. The price of gold, which was trading below $ 1,900 till a day ago, climbed in the early trade today. In the US market, the spot price of gold rose 0.63 percent to $ 1,907.51 an ounce. Similarly, the prices of silver have also increased in the global market. This morning the spot price of silver rose 1.09 percent to reach $ 23.43 an ounce.
