Gold Silver Price: Now again the rates of both the metals are seeing a rise and the prices are moving towards the record level once again. On Thursday, gold reached close to Rs 60,000.
Gold Price 20th July: After the fall in the rate of gold and silver in the last days, now the trend of increasing in both the metals is going on again. Amidst this ups and downs in the rate of gold and silver, gold buyers are confused as to when they should buy? During the last two months, sometimes a decline and sometimes an increase in the price is being seen. In the beginning of May itself, gold had reached a record level of Rs 61700 per 10 grams. Similarly, silver also crossed the level of Rs 77,000 per kg.
The rates of both the metals continued to decline for weeks.
But after reaching the record level, the rates of both the metals continued to decline for weeks. The effect of this was that gold fell in the bullion market to the level of Rs 58027 per 10 grams on 30 June. Meanwhile, the rate of silver broke up to Rs 68429 per kg. But now again the rates of both the metals are seeing a rise and the prices are moving towards the record level once again. On Thursday, gold reached close to Rs 60,000.
Rise in the rate of both metals on MCX
On Thursday, a rise in the rate of gold and silver is being seen on the Multi-Commodity Exchange (MCX). On MCX, gold was seen trending up by Rs 75 at Rs 59865 per 10 grams and silver was trending up Rs 75 at Rs 76484 per kg. Earlier on Wednesday, both the metals saw a boom on MCX. With this speed, gold closed at Rs 59790 and silver at Rs 76409 per kg on Thursday.
Bullion market continues to boom
The price of gold and silver is released every day in the morning on the official website of bullion market https://ibjarates.com. On Thursday, the rates of both gold and silver were seen trading with the green mark. During this, a rise of about Rs 150 was seen in gold and it reached the level of Rs 59908 per 10 grams. Similarly, silver also gained momentum and it climbed up to the level of Rs 75686 per kg.
If we look at the rate of gold on Thursday, compared to the price of Rs 58027 per 10 grams on June 30, it has climbed close to Rs 1900. At the same time, the rate of silver was 68429 on the same day, which is now trading above 75000. In this way, there is a rise of Rs 7000 in silver in about three weeks. On Thursday, 23 carat gold was seen at Rs 59668 per 10 grams, 22 carat gold at Rs 54876 per 10 grams, 20 carat at Rs 44931 per 10 grams.
