The US-Venezuela crisis has once again sent metal prices soaring. This time the wind is such that it has taken silver prices to a new level. Tuesday was something like this. When the country’s futures market closed, an increase of Rs 12,656 was seen in the prices of silver. Whereas during the trading session the price of silver had crossed Rs 2.59 lakh. Even though there is a slight rise in silver prices on Wednesday, the metal has given a clear signal for the coming days that it is not going to stop now.
A similar situation is being seen in gold prices also. There was a good rise in the price of gold on Tuesday and it crossed Rs 1.39 lakh, but it could not succeed in breaking its record. By the way, there is a slight decline in the price of gold on Wednesday. According to experts, even though the prices of gold and silver have gone through a consolidated phase this year, both are moving towards new records. Let us also tell you at what level the prices of gold and silver are trading…
rise in silver prices
A slight increase in the price of silver is being seen on the country’s futures market Multi Commodity Exchange on Wednesday. If we look at the data, silver prices have reached a new record level. During the morning trading session of 15 minutes, silver rose by Rs 881 and reached a new life time high of Rs 2,59,692. The special thing is that one day the price of silver had increased by Rs 12,656 and closed at Rs 2,58,811. However, at 9.16 am, the price of silver is trading at Rs 2,59,357 per kg with an increase of Rs 546. If we talk about the month of December, an increase of Rs 21,634 per kg has been seen in the price of silver.
Slight decline in gold prices
On the other hand, a slight decline is being seen in the prices of gold in the futures market of the country. If we look at the data, at 9.20 am, gold is trading at Rs 1,38,890 per ten grams with a fall of Rs 193. Whereas during the trading session, it fell by Rs 441 and reached the day’s lower level at Rs 1,38,642 per ten grams. However, there was an increase in the price of gold on Wednesday and the price increased by Rs 963 and closed at Rs 1,38,120 per ten grams. Whereas in the month of January, the price of gold has seen an increase of Rs 3,443 per ten grams.
condition of foreign markets
If we talk about foreign markets, a slight decline is being seen in both the metals. If we look at the data, the price of gold future is down by $ 6.50 per ounce in the Comex market at $ 4,489.60 per ounce. Whereas the price of gold spot has fallen by about $ 19 per ounce to $ 4,476.06 per ounce. The price of silver future on Comex was down by 0.24 percent and was trading at $ 80.82 an ons. Whereas the price of silver spot is trading at $ 80.84 per ons with a decline of 0.56 percent.