Gold Breaks Rs 4,000 From This Month’s High

Gold breaks Rs 4,000 from this month’s high, know the difference between silver. Gold and silver prices closed down on Friday. On October 5, 2020 gold futures on the MCX exchange closed 0.29 percent down at Rs 52,001 per 10 grams on Friday on the last day of the week. Similarly, on December 4, 2020, gold futures fell by 0.25 percent or Rs 132 to close at Rs 52,258 per 10 grams.

About silver, the futures price of 4 September 2020 fell by 0.95 percent to Rs 66,954 per kg on Friday and the futures price of 4 December 2020 fell by 1.18 percent to Rs 69,447 per kg. If we compare on a weekly basis, the prices of gold and silver have remained almost constant in the past week.

At the beginning of the week, gold for October futures opened at Rs 52,151 per 10 grams on Monday, August 17, and silver for September futures opened at Rs 67,106 per kg. But the price has come down from its high level of Rs 56,200 per ten gram to Rs 4,000 per 10 gram on August 7.

About global prices, the December futures of gold on Friday rose by $ 0.50 to $ 1947 an ounce on Comex. At the same time, the spot price of metal fell by $ 6.79 to close at $ 1940.47 anons on Friday. Similarly, on the global price of silver, its December futures closed at $ 26.88 an ounce on the Comex on Friday, and the silver spot fell 1.68 percent to settle at $ 26.79 an ounce on Friday.

In global markets, a strong return in the dollar and an improvement in US trading activity showed a decline in gold appeal to some extent over the past week, although many analysts believe gold prices continue to remain bullish on longer-term outlook. Global prices fell sharply from the opening level of the week above $ 2,000 an ounce due to delays in the relief package agreement and a surge in the US dollar.