Both precious metals rose on Tuesday. Silver also rose by Rs 985 to Rs 71,297 per kg, from Rs 70,312 per kg in the previous trading session.
The price of silver has also gone up
According to the report, silver also rose by Rs 985 to Rs 71,297 per kg from Rs 70,312 per kg in the previous trading session. In the international market, where gold was trading at 0 2,010 an ounce, silver was stable at about. 25.99 an ounce.
Rapidly rising prices
Tapan Patel, senior analyst (products) at HDFC Securities, said spot gold rose 0.60 percent to 0 2,010 an ounce on Tuesday on the New York-based Commodity Exchange Comx. Gold prices continue to rise after a mild trade in the morning. Motilal Oswal Financial Services, Navneet Damani, Senior Vice President (Commodity Research), says that due to the current crisis in Ukraine and rising inflation, gold prices are rising sharply, touching the 2,000 per ounce level.
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Gold futures price rise
On Tuesday, gold futures rose by Rs 633 to Rs 54,150 per 10 grams as traders extended their position amid strong spot demand. On the Multi Commodity Exchange, the April supply contract for gold rose by Rs 633, or 1.18 per cent, to Rs 54,150 per 10 grams. It traded for 10,819 lots. Globally, gold in New York rose 1.34 percent to 0 2,022.80 an ounce.
