Gold Price Today: Gold prices surge by Rs 350/10 gm in a week, silver up by Rs 3,000/kg
futures contracts at MCX opened flat today at Rs 77,249 per 10 gram, which is up by 0.12% or Rs 91 while silver March futures contracts were trading at Rs 90,575/kg, up by 0.02% or Rs 21.
Gold prices went up by Rs 350/ 10 grams in the last one week while silver prices fell by Rs 3,000/kg in the same period.
On Monday, gold and silver settled on a mixed note in the domestic and international markets. Gold February futures contract settled at Rs 77,158 per 10 grams with a loss of 0.21% while silver March futures contract settled at Rs 90,554 per kilogram with a gain of 1.49%.
Gold and silver showed very high volatility and were settled on a mixed note. The U.S. 10-year bond yields crossed 4.60% levels and restrict gains of precious metals. However, profit taking in the dollar index due to rebound in the Euro and Pound Sterling supported precious metal prices.
Gold prices recovered from their lows amid strong buying from global central banks. As per the WGC report, global central banks added 53 metric tonne of gold in November month into their reserves.
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