Mumbai: Today, the stability is seen in prices of gold in the futures market of the country, but the brightness of silver has increased. Today, on the Multi-Commodity Exchange (MCX), gold is trading at a loss of 0.04 per cent at Rs 50,677 per 10 grams. It is seen declining for the third time in the last four days.
The price of silver is increasing by 1 percent, after which it is trading at the level of Rs 61,510 per kg. However, even after this decline, many experts are positive about the price of gold in the long term. He argues that a new Stimulus Package can be announced in America very soon. With this, there is a possibility of weakness in the dollar. Let us know that with overcoming the inflation of gold, the demand increases during the weakness in the currency.
Talking about the international market, then there is a rise in gold in the midst of the ups and downs. Investors seem cautious just before the presidential election and Federal Reserve Policy meeting in the US. Gold spot prices rose 0.2 per cent to $ 1,882 an ounce. However, the price of silver was up 1.2 per cent at $ 23.92 an ounce.
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