Gold, silver retain their glimmer on the MCX
DSIJ Intelligence / 28 Aug 2017
Driven by an increase in demand from jewellers, investors and industries, precious metals gold and silver saw their prices zoom up on the bourses during the early trading session on Monday.
Driven by an increase in demand from jewellers, investors and industries, precious metals gold and silver saw their prices zoom up on the bourses during the early trading session on Monday. MCX Gold stood at Rs 29,206 per 10 gram, higher by 0.13%, or Rs 39 at 1030 hours, whereas MCX Silver stood at Rs 39,125 per 1 kg, up by 0.29%, or Rs 113.
In the futures trade on Monday, both silver and gold witnessed a sharp rise. Silver prices rose by Rs 124 or 0.31% to Rs 39,770 per kg, while gold prices stood at Rs 29,206 per 10 grams, higher by Rs 39.
The precious metals shot up on speculative buying as well as a firm global trend. The domestic equity market was also trading in the green during the morning session. As for the benchmark indices, BSE Sensex was trading higher by 179 points whereas Nifty shot up to the 9,900 mark on higher gains in IT, pharmaceutical and FMCG stocks.
The future price of the precious metals will be dependent on the political scenario emerging in the US with President Donald Trump’s threat to shut down the government besides terminating of NAFTA.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.