New Delhi: Gold prices started to rise during the holiday season. Gold prices recorded a surge on Thursday from positive global signals. On the Multi Commodity Exchange (MCX), December gold futures prices rose Rs 55 per 10 grams on Thursday. Silver rose 137 rupees per kilogram in December futures contracts. Globally, prices for yellow metals have recovered. The dollar pushed the price of gold down in the third session.
Spot gold gained 0.2% to $ 1,784.96 an ounce. US gold futures had closed marginally at $ 1,784.60 with a slight revision. The boom in the global stock market has also had an impact on gold prices. at this very place. The performance of gold against silver has been weaker as the cryptocurrency Bitcoin has risen sharply. On Thursday, December gold futures rose 55 rupees, to 47,554 rupees per 10 grams on MCX. While silver, a kilogram of December futures, gained 137 rupees, to 65,744 rupees.
Tapan Patel, senior analyst (commodities) at HDFC Securities, said gold prices have risen due to the weaker dollar, even after rising US bond yields. Gold prices surged amid inflation concerns and renewed worries over the Evergrande loan crisis in China.
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