Due to the positive trend in the global markets, the prices of gold and silver have been recorded in Indian markets today. On MCX, October gold futures rose 0.3 percent to Rs 51,600 per ten grams. If we talk about silver, the silver futures for September on MCX have increased by 2 percent to Rs 67,350 per kg.

In the previous session, gold had increased by Rs 500 per ten grams, while silver had increased by about one thousand rupees per kg. Gold prices in the country were at a record level of Rs 56,200 on August 7 and since then prices have been volatile with fluctuations in global rates. In global markets, today gold prices reached a two-week high due to the weak US dollar. Spot gold rose 0.4 percent to $ 1,971.68 an ounce in early trade after raising $ 1,976 (the highest level since August 19). US gold futures rose 0.4 percent to $ 1,982.50. The dollar index fell 0.2 percent.

Among other precious metals, silver rose 1.7 percent to $ 27.94 an ounce, while platinum rose 0.4 percent to $ 935.06. So far this year, the price of gold in global markets has increased by about 30 percent. Investors are hopeful that the policies of governments and central banks will remain positive for the long term as the corona infection cases in the world exceeded 250 lakhs on Sunday.

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