The prospects of a relief package in the US economy and gold demand in China have increased its price even more in the Indian market. Therefore, there has been an increase in the prices of gold and silver in the domestic market. On Wednesday, the price of gold and silver has also increased. The arrival of the American relief package is now fixed and it has increased their value even more. US President Joe Biden has approved a proposal from the Democratic Party under which a relief package of $ 1.9 trillion has been issued to the economy.

In the domestic market, the price of gold in MCX on Wednesday rose by 0.23% to Rs 48,060 per ten grams, while the price of silver futures rose by 0.25% i.e. Rs 171 to Rs 69,867 per kg. The US relief package in the global market and the increase in demand in China has increased the price of gold which has an impact on the domestic market. Therefore, an increase in the prices of gold and silver has been recorded in the domestic market.

According to reports, on Tuesday, gold prices in Delhi market rose by Rs 495 to Rs 47,559 per 10 grams. Silver declined by Rs 99 and reached Rs 68,391 per kg. Gold spot reached Rs 47907 per ten gram in Ahmedabad Sarafa Bazar on Wednesday. Gold Future reached Rs 48085 per ten grams. Gold climbed in the global market on Wednesday. Gold spot climbed 0.2% to $ 1839.99 an ounce while Gold Future climbed 0.2% to $ 1840.40 an ounce. Meanwhile, the world's largest gold ETF SPDR Gold Trust's holding declined by 0.4% to 1148.34 tonnes. It was 1152.43 tonnes on Tuesday. Meanwhile, the price of spot silver rose 0.6% and reached $ 27.36 an ounce.

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