Gold Silver Price: Gold has gone above 61,000 and silver above 75,000. On the other hand, with a mixed trend on the Multi-Commodity Exchange (MCX), open gold and silver are seeing a boom in the afternoon.
Gold Price 3rd May: After the softening of the last few days, the rate of gold and silver is seeing a rise once again. If you were also planning to buy gold and silver jewellery, then now you will have to spend more money for it. On Wednesday, there has been a big jump in the price of gold and silver in the bullion market. With this, gold has gone above 61,000 and silver above 75,000. On the other hand, with a mixed trend on the Multi-Commodity Exchange (MCX), open gold and silver are seeing a boom in the afternoon. Experts claim that gold can reach beyond Rs 65,000 during the Diwali season.
Continues to accelerate
There has been a steady rise in the rate of gold and silver for more than two months. Some softening was seen in the last week of April. But now again it has started climbing up. Apart from gold, market experts are also predicting a rise in silver. He claims that around Diwali, silver may cross the psychological figure of Rs 80,000.
Rise in gold and silver on MCX on Wednesday
On the Multi-Commodity Exchange (MCX), the rate of both gold and silver saw a rise on Wednesday. On Wednesday afternoon, gold was seen trending up by Rs 97 at Rs 60725 per 10 grams and silver was trending up by Rs 188 at Rs 76436 per kg. Earlier on Tuesday, gold had closed at Rs 60628 per 10 grams and silver at Rs 76248 per kg.
Tremendous boom in the bullion market
The bullion market saw a tremendous boom after several days on Wednesday and gold crossed the Rs 61,000 mark. According to the rate issued by the India Bullions Association ( https://ibjarates.com ), 24 carat gold rose by Rs 653 to Rs 61071 per 10 grams on Tuesday. On the other hand, there was a tremendous rise in silver and it reached Rs 75173 per kg with a jump of about Rs 950. Apart from this, 23 carat gold reached the level of 60827, 22 carat gold at Rs 55941 and 20 carat gold at Rs 45803 per 10 grams.
