Gold Rate Today: Price of Yellow Metal Up at Rs 52,404 Per 10 Gram, Silver Surges to Rs 66,309 Per Kg Ahead of Dhanteras 2020

Team Latestly
·1-min read

Mumbai, November 9: Gold and silver prices moved higher today on Monday. On MCX, gold futures were up 0.45 percent to Rs 52,404 per 10 gram while silver surged 1.5 percent to Rs 66,309 per kg, according to a Livemint report. The prices are rising ahead of Dhanteras 2020. Dhanteras is considered an auspicious occasion to buy precious metals.

Also Read | Dhanteras 2020 Dos and Don'ts: From Buying Dhaniya Seeds to Not Lending Money on Dhanatrayodashi, Rituals That Will Bring in Good Luck and Prosperity in Your Life This Diwali

Gold prices moved up around Rs 1,500 per 10 gram over five days. On the other hand, silver had logged a weekly gain of about Rs 4,000 per kg. In August, gold had hit a record high of Rs 56,200 per 10 gram. Sovereign Gold Bonds Open For Subscription Today: Here's How to Apply And All You Need to Know About SGB Scheme 2020-21 Series VIII.

The spot gold price today(Rs 52,200) is higher than this week's average of Rs 51,640 by 1.08 percent. The price was higher than Sunday's value of Rs 52,190. The spot gold price in India, as well as global, saw a growth. The spot gold prices in the Indian market grew by a lesser rate of 0.02 percent as compared to global gold prices of 0.22 percent.

Also Read | Sovereign Gold Bonds Open For Subscription Today: Here's How to Apply And All You Need to Know About SGB Scheme 2020-21 Series VIII