On the Multi Commodity Exchange, gold and silver are both trading higher for the second day in a row (MCX). Gold futures maturing on October 5, 2021, are trading at Rs 46,011 per 10 grams, up 0.16 percent or Rs 73 on Wednesday.
Meanwhile, silver futures with a maturity date of September 3, 2021 are trading at Rs 62,697 a kg, up 0.05 percent or Rs 30.
Gold was trading at Rs 46,000 per 10 grams yesterday, while silver was trading at Rs 63,093 per kg. Gold and silver were trading at Rs 45,692 and Rs 62,636 respectively when the market closed on Tuesday.
Gold and silver prices on the worldwide market: Gold prices rose higher on Wednesday, despite pressure from a stronger dollar, on fears about an increase in coronavirus Delta variant cases, according to news agency Reuters. Spot gold, on the other hand, was up 0.2 percent at $1,732.49 per ounce, while gold futures in the United States were up 0.1 percent at $1,733.50.
Gold prices fell to a new low on Monday, as evidence of a strengthening labour market fueled fears of an early interest rate hike in the United States. On the world front, silver rose 0.1 percent to $23.34 per ounce, while platinum rose 0.1 percent to $1,003.98 per ounce.