Gold at record highs near 52 thousand, silver shine also increased

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  Gold reached historic high in futures market

• Silver also created a new record of price

Due to the strength in the international market, Gold set a new record in the Indian market on Monday. Gold reached a record high of Rs 51,833 per 10 grams in the futures market. Similarly, silver also rose to a record price of Rs 64,896 per kg. However, in the spot market, gold is trading below 51 thousand.

Gold rose by Rs 785 on the Multi Commodity Exchange to reach Rs 51,820 per 10 grams on Monday. Not only this, the futures deal for gold August futures ie August has been recorded at Rs 51,833 per 10 grams.

Similarly, September futures of silver have risen by Rs 3,547 to Rs 64,770 per kg. During the business it reached an all-time high of Rs 64,896.

Spot market rate

On Monday, 24 carat gold was Rs 50,920 per 10 grams in the spot market in Delhi, Rs 53,490 per 10 grams in Chennai and Rs 50,920 per 10 grams in Mumbai.

Gold and silver have gained strength in the international market due to increased tension between China and America. With the escalation of the Corona crisis, investors have been attracted to invest in these low-risk precious metals. Gold was trading up 0.4 per cent at $ 1,904 an ounce on Comex. Similarly, spot gold was up 1.5 per cent and was trading at $ 1,928 an ounce.

What is the expert saying

Regarding where gold will go in the near future, Anuj Gupta, deputy vice president of Angel Broking, said, “Today we once again saw that gold has touched a record level of 51,833. Similarly, it has touched a record level of 1944.50 per ounce in the international market as well. We feel that the boom in these precious metals will continue even further. Gold may soon cross 52,500 and silver 66,000 levels.