New Delhi, Business Desk. On Thursday, the prices of gold and silver futures are seeing a huge rise. On the MCX exchange, gold futures of August 5, 2020, were seen trending at Rs 47,224 per 10 gram, rising by 1.28 percent or Rs 598 on Thursday morning. Apart from this, the futures price of gold on October 5, 2020, was up by 1.18 percent or 553 rupees on Thursday morning at Rs 47,364 per 10 grams. Gold was trading at Rs 47,664 per 10 gram in the domestic spot market on Wednesday. The global futures price of gold has also seen an increase on Thursday morning.
The domestic futures price of silver has also seen a huge increase on Thursday morning. The silver futures of July 3, 2020, on MCX, was trending at Rs 48,990 per kg, rising by 1.88 percent or Rs 906 on Thursday morning. Significantly, silver in the domestic spot market was at Rs 49,340 per kg on Wednesday.
Talking about the international market, according to Bloomberg, on Thursday morning, the global futures price of gold was trading at $ 1740.40 an ounce, rising 1.14 percent or $ 19.70 on Comex. At the same time, the global spot price of gold was down by 0.46 percent or $ 8.05 to trade at $ 1,730.65 an ounce.
On Thursday morning, silver also saw an increase in global futures prices and a fall in spot prices in the international market. On Thursday morning, the global futures price of silver was trading at 1.18 percent, or $ 0.32, at $ 18.11 an ounce on Comex. At the same time, the global spot price of silver was down by 1.19 percent, or $ 0.22, on Thursday morning at $ 17.90 an ounce.
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