New Delhi: Amid a spurt in international rates of precious metals, Indian markets have also seen an edge in gold and silver prices today. On MCX, December's gold futures rose 0.28% to Rs 51,073 per 10 grams, while silver futures rose 1% to Rs 62,496 per kg. Gold rose 0.17% in the previous session, while silver declined 0.75%.
In international markets, gold prices have gained momentum today due to the weak dollar and rising coronavirus cases. Gold rose 0.3% to $1,907.77 an ounce. The dollar index lost 0.08%, making gold cheaper for holders of other currencies. Silver rose 0.5% to $24.43 an ounce, while platinum gained 1% to $878.50 and Palladium gained 0.3% to $2,358.03.
In India, gold prices have been growing by 25% in line with international standards this year. Analysts expect that gold prices will continue to decline based on the edge of the US dollar and general market risk perception. Analysts have predicted that the demand for gold in India will increase in the festive season.
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