New Delhi: On Thursday, the futures trading of gold and silver on the Multi Commodity Exchange (MCX) has reached its highest level in a week. Gold traded at Rs 47,780 per 10 grams on Thursday. It was Rs 203 more than the previous days. Silver futures also reached a very high level. On Thursday, it traded with an increase of Rs 813 at Rs 67,203 per kg.
In the previous session, the futures trade of silver was done at Rs 66,390. The price of gold in the international market reached this week's high as the US Federal Reserve Bank did not allow a deadline for the tapering plan. This also indicates that an immediate increase in interest rates is not possible. The spot price of gold in the global market was $ 1,815.56 per ounce. Explain that one ounce is equal to 28.35 grams. That is, the price of 1-ounce spot gold was approximately equal to 1 lakh 35 thousand.
Similarly, the futures trading of American gold in the international market was $ 1,815.30 per ounce. Experts say that the price of spot gold has improved compared to the past days. The US Federal Bank has not yet clarified the pictures regarding the economic stimulus, due to which it has affected the US dollar. Earlier, before the meeting of the US FOAMC, due to the alert of traders and investors, gold prices remained under pressure, in which trade was below $ 1,800.
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