The domestic futures market witnessed a spurt in silver prices today, due to which the domestic futures price of silver reached a record high. The silver price was trading at Rs 55,423 per kg for 14 September 2020 at 9:00 am on the MCX exchange.
During this period, silver saw a spectacular jump of Rs 1,418, after which the futures price of silver has reached its record level. Along with silver, the domestic futures prices of gold have seen a rise. Gold futures on MCX for August 5, 2020 were trading at Rs 49,100 per 10 grams at 0.15 per cent on Tuesday morning. Gold futures witnessed a gain of Rs 73. At the same time, it was trading at Rs 49,235 per 10 grams for October 5, 2020 at 0.16 per cent. At this time, the futures of gold showed an increase of Rs 77. Apart from this, the prices of gold and silver in the international markets also saw a rise. Gold price on Comex rose by 0.16 percent, ie $ 2.9 on Tuesday morning. Gold was trading at $ 1,820.30 an ounce.
Not only this, the global spot market of gold is trading at $ 1,818.70 an ounce with a gain of $ 0.93. The global futures price of silver saw an uptick, with silver trading up $ 0.49 at COMEX trading at $ 20.70 an ounce.