Gold and silver prices are on the rise and reflect gains in global markets

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On the spot market, fine gold with a purity of 24 carats was sold at Rs 48,750 per 10 grams.

Gold and silver prices today: Gold and silver prices edged up on Friday, reflecting the gold’s gain in international markets after gold prices surpassed $ 1,900 per ounce on Friday, supported by a decline in the gold price. dollar and lower bond yields, after data showing rising US inflation was seen insufficient to change the Federal Reserve’s accommodative monetary policy. Gold futures on the Multi Commodity Exchange (MCX) for August 5 delivery rose 0.3% to Rs 49,346.

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In the spot market, fine gold of 24-karat purity was sold at Rs 48,750 per 10 grams, the India Bullion & Jewelers Association (IBJA) said on the microblogging site Twitter. Gold with a purity of 22 karat was retailed at Rs 47,090 per 10 grams, 18 karat gold was priced at Rs 39,000 and 14 karat gold was sold at Rs 32,420, said the IBJA on Twitter.

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In the international market, spot gold was up 0.1% to $ 1,900.51 an ounce at 8:43 am Prices rose more than 0.5% this week.

US gold futures rose 0.3% to $ 1,902.90 an ounce.

Data showed that consumer prices in the United States rose sharply in May, leading to the largest annual increase in almost 13 years, while weekly jobless claims fell to their lowest level in nearly 15 years. month last week.

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Back home, silver prices rose as well, with silver futures for July 5 delivery rising 0.7% to an intraday high of Rs 72,475 per kilogram. In the spot market, silver was retailed at 71,224 rupees per kilogram, according to the IBJA.

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