On Thursday, gold prices in India witnessed a modest increase, as reported by India’s Multi Commodity Exchange (MCX). The price of gold stood at 73,030 Indian Rupees (INR) per 10 grams, reflecting a rise of INR 45 compared to the previous day’s rate of INR 72,985.
Similarly, futures contracts for gold also saw an uptick, with prices climbing to INR 72,549 per 10 grams from the previous rate of INR 72,523 per 10 grams.
In tandem with gold, silver futures contracts also experienced a slight increase in prices. The cost for silver futures contracts rose to INR 83,519 per kilogram, up from the previous rate of INR 83,499 per kilogram.
The incremental rise in gold and silver prices suggests a mild uptrend in the precious metals market in India. Investors and traders are closely monitoring these developments, seeking insights into potential market trends and investment opportunities amidst fluctuating economic conditions.
