New Delhi: Gold and silver prices recorded an increase on Thursday on Multi Commodity Exchange (MCX) after suffering a huge loss in the previous session. On MCX, gold futures rose 0.8% to 51,226 per 10 grams, while silver futures rose 1.2% to 62,086 per kg.

Earlier in the previous session, gold prices had fallen drastically and it had lost Rs 800 while silver had fallen by Rs 1,400. In global markets, gold prices were still stable today. Spot gold in the overseas market was trading at $ 1,904.66 an ounce with a slight change. Among other precious metals, silver was up 0.3% at $ 23.98 an ounce and platinum was steady at $ 869.04 an ounce, while palladium dropped 0.5% to $ 2,276.97.

On the other hand, if experts agree, gold on MCX is advised to buy approximately Rs 51,200 in December futures. Put stop loss at the price of Rs 51,000 and keep a target of Rs 51,500 in today's business. Buy silver in December futures around Rs 61800, put stop loss at the price of Rs 61,300 and keep a target of Rs 62700.

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