Gold prices experienced a notable increase in India on Monday, as reported by data from India’s Multi Commodity Exchange (MCX).
The price of gold stood at 68,778 Indian Rupees (INR) per 10 grams, marking a significant rise of INR 2,032 compared to the previous price of INR 66,746 recorded on Friday.
In terms of futures contracts, gold prices also saw an upward trend, with prices rising to INR 68,769 per 10 grams from the previous level of INR 67,701 per 10 grams.
Similarly, prices for silver futures contracts observed an increase, reaching INR 75,805 per kilogram compared to the previous rate of INR 75,048 per kilogram.
The rise in gold and silver prices on the MCX reflects the ongoing demand for precious metals amidst economic uncertainties and market volatility. Investors often turn to gold and silver as safe-haven assets during times of instability, which could be driving the upward movement in prices.
As global economic conditions continue to evolve, market participants will closely monitor commodity prices for further insights into market sentiment and potential investment opportunities.
