Expensive gold futures, silver crossed 72 thousand, find out how much it cost

By | June 11, 2021

Expensive gold futures, silver crossed 72 thousand, find out how much it cost

Gold and silver futures prices have risen in the domestic market today.  Find out the price.

Gold futures rose 0.15 per cent to Rs 49,275 per 10 grams

Silver futures rose 0.5 per cent to Rs 72,357 per kg

Platinum traded at 1, 1,151.47

Gold futures rose 0.15 per cent to Rs 49,275 per 10 grams
Gold futures on the MCX rose 0.15 per cent to Rs 49,275 per 10 grams.  Silver futures rose 0.5 per cent to Rs 72,357 per kg.  Gold fell after hitting a five-month high of Rs 49,750 per 10 grams last week.  The yellow metals are down by about Rs 7,000 from last year’s high (Rs 56,200 per 10 grams).

The cost of this in the global market
Gold in the weak US dollar international market remained flat near 191900 an ounce. per cent to 28 28.10 an ounce.  And platinum at 15 1,151.47.  Gold ETFs are based on the price of gold and its price fluctuates only when its price falls.  Keep in mind that ETF inflows indicate a weak investment in gold.Gold ETFs in India had a net inflow of Rs 288 crore last month as against Rs 680 crore in April.

The government has given exemption in hallmarking of gold jewelery till June 15
The date for implementing hallmarking in the country has been extended.  Earlier, this rule was to come into force in January 2021.  This was later extended to June 1 due to the corona and is now extended to June 15.  An important decision was taken at the meeting in which Railway and Commerce Minister Piyush Goyal said that hallmark certified jewelery should be sold to consumers in the country without any waiting.  Only 22 carat, 18 carat, 14 carat jewelery will be sold after the hallmarking rule is implemented.  Hallmarking certifies the purity of the precious metal and is currently voluntary.

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