After the fall in the previous session, the prices of gold and silver have increased in the Indian markets today. October futures on MCX jumped 0.3 percent to 51,071 per ten grams, while silver futures rose 0.7 percent to Rs 65,673 per kg. In the previous session, gold slipped by Rs 900 per ten grams, while the price of silver was reduced by Rs 2,500 per kg. Since reaching a high level of Rs 56,200 on August 7, gold prices in the country have been volatile.
If we talk about global markets, then after the sharp fall in the price of gold in the last session, its rate remained stable today. Spot gold had fallen more than one percent in the previous session, while today it has risen 0.1 percent to $ 1,929.94 an ounce. In the price of other metals, silver fell to $ 27.01 an ounce and platinum fell 0.7 percent to $ 922.07. On Thursday, US Fed chief Jerome Powell outlined an approach to stabilize US monetary policy, which appears to have boosted US bond yields.
However, concerns over the economic cost of the Corona transition supported gold prices. The number of Americans who filed new claims for unemployment benefits increased to around one million last week. The sixth series of sovereign gold bonds of this financial year in the country are scheduled to open on 31 August. The issuing rate of the bond is determined on the basis of the average closing price of 999 purity gold.
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