Gold Rate Today : Gold's shine increased amid weak rupee and fall in stock market
- Sonebhadra Times
- Jan 13
- 2 min read
Gold February futures on the Multi Commodity Exchange were trading at Rs 78,714 per 10 grams on Monday, experiencing an increase of approximately Rs 300.
Gold Rate Today : Following Makar Sankranti, the wedding season is approaching. As a result, people have begun ordering jewelry for wedding ceremonies. The gold market is thriving, with the price of 24-carat gold rising by Rs 850 per 10 grams in a week. Silver remains significant as well, with its price increasing by Rs 1300 per kg compared to last week.
Gold opened at Rs 78,375 on MCX
On Monday, the February gold futures opened at Rs 78,375 per 10 grams on the Multi Commodity Exchange, marking a decrease of 0.06 percent or Rs 48 from the previous market close. Meanwhile, the March silver futures have experienced a slight decline, trading at Rs 92,195 per kg, which is 0.34 percent or Rs 311 lower than the last market close. Despite this, both gold and silver prices have risen compared to last week. The upcoming US inflation data has caused fluctuations in the dollar, leading to significant volatility in gold and silver rates. On Friday, both metals closed with a positive trend, with the February gold futures contract ending around Rs 78,423 per 10 grams.
There is a possibility of further increase
Specialists believe that gold and silver rates might continue to rise. Predictions suggest these rates could increase soon on the commodity exchange. Observing the climbing gold rates in various metropolitan areas, a rise on the commodity exchange is also anticipated. Nevertheless, global circumstances have already caused gold prices to soar in both the international and Indian domestic markets.
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