Gold, Silver Rate Update, 03 September 2021: Gold and silver are trading almost flat today. Gold remains above Rs 47,000, but silver is showing more lethargy.
Gold, Silver Rate Update, 03 September 2021: October futures of gold on MCX traded in a very limited range on Thursday. However, in intraday gold futures came out above 47200 and due to sudden selling slipped by Rs 46900 per 10 grams. Even today gold futures are open on a slight increase. Although the start has started above Rs 47,000.
Gold moves this week (August 30-September 3)
Day Gold (MCX October Futures)
Monday 47164/10 grams
Tuesday 47120/10 grams
Wednesday 47068/10 grams
Thursday 46991/10 grams
Friday 47070/10 grams (Trading Ongoing)
Gold cheaper by about Rs 9200 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. Now gold October futures are at the level of Rs 47000 per 10 grams on MCX, that is, it is still getting cheaper by about Rs 9200.
Silver moves on MCX
Now talk of silver, silver December futures closed with a big fall on Thursday. Silver futures continued to trade in a range till the first half, but in the second half of trading, it suddenly became a sell-off and it slipped from a height of Rs 64000 per kg to Rs 63000. That is, a fluctuation of about Rs 1000 was seen. Today silver December futures are open completely flat, the price is at Rs 63300.
Silver from its highest level of Rs 16700, the highest level of cheap
silver is Rs 79,980 per kg. Accordingly, silver is also cheaper by about Rs 16700 from its highest level. Today silver December futures are at Rs 63300 per kg.
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