Spot gold prices in India (Rs. 51360) have increased since yesterday(Rs. 51350). Also, it was above the average gold price observed this week (Rs. 50614.29) by 1.47%.
Gold price pushed above $1,900 an ounce to hit the highest level in almost two months, aided by a weaker dollar, after posting the biggest annual advance in a decade. Silver price also surged on the first full trading day of the new year.
Gold’s record-setting rally is set to give wings to the largest initial share sale by an Indian jeweler, helping it overcome tumbling demand in the second-biggest consuming nation.
Silver MCX Today Tips – Watch 43750 to High 44049, Intraday Traders Enjoy.
Silver market took a beating with May futures crashing 3% to ₹39,758 per kg. Gold prices in India had surged sharply lastweek rising about ₹3,000 per 10 gram in tandem with a rally in global rates.