New Delhi, Business Desk. During the trading in the domestic futures market, gold prices rose to an all-time high on Monday. This increase in gold prices is being witnessed due to the persistent increase in cases of corona virus infection and stress on LAC between India and China. At the same time, on Monday, gold rose to a one-month high on Monday. Concerns are growing over the delay in recovery in the global economy from cases of corona infection growing globally. This is why investors are turning to gold considered safe haven.
Domestic futures at the highest level
On the MCX exchange, gold futures of August 5, 2020 were trending at Rs 48,276 per 10 grams with an increase of Rs 339 on Monday morning. This is the highest level of this gold ever. Similarly, the futures price of gold on October 5, 2020 was also seen trending at its all-time high on Monday morning. The futures price of this gold was trending at Rs 48,451 per 10 grams with an increase of Rs 378 on Monday morning.
Global prices at one-month high
According to Bloomberg, the global futures price of gold was trading 0.80 per cent, or $ 14, at $ 1,767 an ounce on Comex on Monday morning. At the same time, the spot price of gold was currently trending at $ 1,751.98 an ounce, rising 0.47 percent or $ 8.11.
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Significant rise in silver
Silver prices have also seen a significant rise on Monday morning. On Monday morning, silver futures of MCX were trending at Rs 49,116 per kg, up 0.99 per cent or Rs 480, on Monday morning. Apart from this, the futures price of silver on August 31, 2020 was currently trading at Rs 49,985 per kg, rising by 0.90 per cent or Rs 445. At the same time, the silver futures price of September 4, 2020 was currently trading at Rs 49,950 per kg on MCX, up 0.99 percent or Rs 489.
Shiny silver also in global market
Globally, silver prices have seen an increase on Monday morning. On Monday morning, silver futures were trading at 1.18 per cent, or $ 0.21, at $ 18.24 an ounce on Comex. Also, the global spot price of silver was currently trading at $ 17.87 an ounce, rising 1.37 percent or $ 0.24.
