Gold / Silver Price Today: The prices of gold and silver (Gold / Silver Price Today) have increased today. Gold prices have fallen by Rs 1,700 and silver by Rs 4,000 in just two days. On the Multi Commodity Exchange (MCX), the price of gold in October futures is trading with an increase of 0.37 percent per 10 grams. At the same time, there has been a jump of 0.84 percent per kg in September futures silver.
On Friday, gold prices fell by Rs 1,000 per 10 grams and silver by Rs 2,000 per kg, while on Monday they lost Rs 700 and Rs 2,250 respectively.
New Gold Price: On Tuesday, October futures gold on MCX rose by Rs 170 to Rs 46,056 per 10 grams. In the international market, the spot gold price was $ 1,730.47 per ounce. The dollar index was near a two-week high, making gold more expensive for holders of other currencies.
New Silver Price: At the same time, on Tuesday, the Gold Price of September futures silver on MCX increased by Rs 525 to Rs 63,162 per kg. In the international market, silver was priced at $23.43 an ounce. In the previous session, the price of silver had slipped to an 8-month low.
Gold prices in the global markets have come down to the lowest level in several months. The dollar strengthened after rising US bond yields and strong US jobs data last week bet on a stimulus ahead of the Federal Reserve’s expectation.
The holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.2 percent to 1,023.54 tonnes on Monday from 1,025.28 tonnes on Friday.
The government has raised so many crores from Sovereign Gold Bond
The government has raised Rs 31,290 crore from this scheme since the launch of the Sovereign Gold Bond Scheme in the year 2015. Finance Minister Nirmala Sitharaman gave this information to the Parliament. Sitharaman said in a reply in the Lok Sabha that the Sovereign Gold Bond Scheme was notified by the Government of India on November 5, 2015, as an alternative to developing alternative financial assets and buying or holding physical gold.