Gold Silver Price: A steady rise is being seen in the rates of both the precious metals. The prices are about to reach the record level once again. On Thursday, gold reached close to Rs 60,000.
Gold Price 27th July: After the fall in the price of gold and silver in the last days, now both these metals are witnessing a boom. In the midst of this ups and downs in the rate of gold and silver, the buyers of gold ornaments have got a shock. During the last two months, the price of gold first went to the lowest level, but now it is seeing a rise since the last few days. In the beginning of May, gold had reached a record level of Rs 61700 per 10 grams. Silver had also reached the level of Rs 77,200 per kg.
Reached the lowest level in two months
After reaching the record level in May, the rate of gold and silver saw a decline for weeks. This had the effect that gold fell in the bullion market and reached its lowest level in the last two months. On June 30, gold reached Rs 58027 per 10 grams. At the same time silver also came down and it broke up to Rs 68429 per kg. But for the last two weeks, the rates of both the metals are increasing. Now the price is once again just a few steps away from the record level.
Rise in the rate of both metals on MCX
On Thursday, a rise in the rate of gold and silver is being seen on the Multi-Commodity Exchange (MCX). On MCX, gold was seen trending up by Rs 156 at Rs 59617 per 10 grams and silver was trending at Rs 75803 per kg, up by Rs 479. Earlier on Wednesday, both the metals saw a boom on MCX. With this speed, gold closed at Rs 59461 and silver at Rs 75324 per kg on Wednesday.
Bullion market continues to boom
The price of gold and silver is released every day on the official website https://ibjarates.com giving information about the rate of bullion market. On Thursday, the rates of both gold and silver were seen trending with the green mark. During this, a rise of about Rs 45 was seen in gold and it reached the level of Rs 59737 per 10 grams. Similarly, silver also gained momentum and it rose by more than Rs 700 to reach Rs 75241 per kg.
