Gold future price rises, silver also rises
Gold future price rises, silver also rises
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After registering gains in the previous session, gold prices continued to rise again in Indian markets today. October futures on MCX rose 0.1 per cent to Rs 50,190 per 10 grams, while silver futures rose 0.5 per cent to Rs 60,730 per kg. In the same previous season, the price of gold had increased by one per cent to Rs 502. Silver had gained Rs 1,360, an increase of 2.3 per cent.

Gold is down by Rs 6,000 per 10 grams, against its high of 56,200 on August 7. Experts say that given the challenges in the global economy, gold is expected to get support at lower levels. Also, in global markets, the weak US dollar supported gold prices. After rising 1.1 per cent in the previous session, spot gold rose 0.15 per cent to USD 1,883.69 an ounce today.

Also, silver was down 0.1 percent at $ 23.68 an ounce in other precious metals, while platinum was down 0.2 percent at $ 880.56. The dollar index was down 0.04 percent compared to rivals today after registering a sharp decline in the previous session. A weaker dollar makes gold cheaper for holders of other currencies. Also, Kotak Securities said, 'Gold is considered a safe haven asset in times of economic and political uncertainty. Although global risks have increased, the US dollar is now seen as the preferred safe haven asset and has put pressure on gold. ' With this, there are many changes in the prices of metals.

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