December 4, 2021

Silver Gold Price Today 29 December Gold Mcx Prices Rise While Silver Went Down – Gold Silver Price: Gold futures move up; Silver falls


Business Desk, Amar Ujala, New Delhi
Updated Tue, 29 Dec 2020 10:43 AM IST

Gold Silver Price
– Photo: Amar Ujala

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The gold futures price in India rose today, while silver recorded a fall amid mixed global cues. February gold futures on MCX rose by 0.11 per cent to Rs 50,067 per 10 grams. Gold has been in the range of 50,000 to 50,500 in the last five sessions. Today, silver futures on MCX declined by 0.24 per cent to Rs 68,650 per kg.

Price so high in global markets
Gold rates today were slightly higher after US President Donald Trump approved stimulus packages in global markets. The agreement on the $ 900 billion relief package has been agreed between the top US lawmakers. This amount will be used to help and provide vaccines to the businessmen and the needy who are badly affected during the Corona virus epidemic. This affected the price of gold and rose 0.1 percent to $ 1,875.61 an ounce.

Silver also rose
In silver, it jumped 1.3 percent to $ 26.50 an ounce, while platinum rose 0.7 percent to $ 1,038.46 and palladium rose 0.8 percent to $ 2,342.79. Investors cheered the move, Wall Street rose and most Asian markets were also on the green mark.

In this context, Geojit Financial Services said in a note that, “The sentiment in the market has fueled after the signing of the Corona epidemic relief and government spending bill by US President Donald Trump. Gold rose due to the US package and weak dollar.

Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund or gold ETF, rose 0.20 per cent to 1,169.86 tonnes on Monday, compared to Thursday’s 1,167.53 tonnes. Gold ETFs are based on the prices of gold and its price also decreases with the subsequent fluctuations in its price. The flow of ETFs reflects weak investor interest in gold.

25% increase in prices this year
Gold prices in India rose 25 per cent this year amid a global rally. Gold is seen as a hedge against inflation and currency declines. In August, gold had reached a high of Rs 56,200 per 10 grams.

The gold futures price in India rose today, while silver recorded a fall amid mixed global cues. February gold futures on MCX rose by 0.11 per cent to Rs 50,067 per 10 grams. Gold has been in the range of 50,000 to 50,500 in the last five sessions. Today, silver futures on MCX declined by 0.24 per cent to Rs 68,650 per kg.

Price so high in global markets

Gold rates today were slightly higher after US President Donald Trump approved stimulus packages in global markets. The agreement on the $ 900 billion relief package has been agreed between the top US lawmakers. This amount will be used to help and provide vaccines to the businessmen and the needy who are badly affected during the Corona virus epidemic. This affected the price of gold and rose 0.1 percent to $ 1,875.61 an ounce.

Silver also rose

In silver, it jumped 1.3 percent to $ 26.50 an ounce, while platinum rose 0.7 percent to $ 1,038.46 and palladium rose 0.8 percent to $ 2,342.79. Investors cheered the move, Wall Street rose and most Asian markets were also on the green mark.

In this context, Geojit Financial Services said in a note that, “The sentiment in the market has fueled after the signing of the Corona epidemic relief and government spending bill by US President Donald Trump. Gold rose due to the US package and weak dollar.

Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund or gold ETF, rose 0.20 per cent to 1,169.86 tonnes on Monday, compared to Thursday’s 1,167.53 tonnes. Gold ETFs are based on the prices of gold and its price also decreases with the subsequent fluctuations in its price. The flow of ETFs reflects weak investor interest in gold.

25% increase in prices this year
Gold prices in India rose 25 per cent this year amid a global rally. Gold is seen as a hedge against inflation and currency declines. In August, gold had reached a high of Rs 56,200 per 10 grams.


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