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Gold, Silver Rate Update, 5 April 2021: Even today the June futures of gold on MCX remains above Rs 45,000, today gold has started flat. The silver futures on MCX have slipped below Rs 65000 per kg. Although the start was over 65,000.
MCX Gold: Today, June futures of gold on MCX are trading at the same level as Thursday. On Thursday, gold also went above 45,500. On Thursday, gold was seen rotating in a radius throughout the day, but in the last hour, good shopping was seen in it. Last week, gold rose more than 700 rupees per 10 grams.
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- Sleep trick last week
- Day gold: (MCX June futures)
- Monday: 44698/10 grams
- Tuesday: 44423/10 grams
- Wednesday: 43873/10 grams
- Thursday:45418/10 grams
Gold is cheaper by Rs 10,800 from the highest level:
Last year, due to the Corona crisis, people had invested heavily in gold, in August 2020, the price of 10 grams of gold on MCX reached the highest level of Rs 56191. Last year, gold gave a return of 43%. If compared to the highest level, gold has been broken up by 25%, gold is trading at MCX level of Rs 45400 per 10 gram, which means that it is getting cheaper by about Rs 10800.
MCX Silver: On Thursday, silver May futures on MCX strengthened by more than Rs 1200 to close at Rs 65089 per kg. But today the price is showing a drop of 200 rupees. Last week, silver closed strong by Rs 900, while it is strengthened by Rs 1800 from the lower levels.
- Silver move last week
- Day Silver: (MCX - May Futures)
- Monday : 64174 / kg
- Tuesday: 63124./Kilo
- Wednesday: 63814 / kg
- Thursday : 65089 / kg
Silver is cheaper by Rs. 15000 from its highest level:
The highest level of silver is Rs 79,980 per kg. According to this, silver is also cheaper by 15000 rupees than its highest level. Today, May futures of silver are trading at Rs 64900 per kg.
Gold and silver in bullion market:
According to the India Bullion and Jewelers Association ie IBJA, there is a drop in gold prices in the bullion market. On Thursday, gold sold at Rs 44919, while on its first Wednesday, the rate sold at Rs 44190 per 10 grams. That is, 900 rupees was expensive. Silver prices also saw a rise. On Thursday, silver sold in the bullion market at a price of Rs 63737 per kg, while on Wednesday the rate was Rs 62862.