Gold Price Today: A rise in gold futures prices was seen on Tuesday. Gold rose by Rs 39 to Rs 78,205 per 10 grams on Multi Commodity Exchange (MCX) due to strong spot demand and buying of new deals by traders. A total of 10,335 lots were traded in this contract for February delivery.
According to experts, fresh purchases in the market boosted gold prices. However, globally, gold prices declined by 0.22 per cent at $2,669.07 an ounce in New York.
fall in silver prices
On the other hand, weakness was seen in silver futures prices. Due to weak spot demand and selling, silver fell by Rs 253 to Rs 90,260 per kg. A total of 22,092 lots were traded in the March delivery contract on MCX.
Experts say that this fall in silver prices was due to selling at the current market level. Internationally, silver price in New York fell by 0.17 percent to $ 29.66 an ounce. Gold prices witnessed a rise due to strong demand and buying deals, while silver remained in decline due to weak demand. Investors should keep an eye on market trends.