Gold prices increased due to rise in crude oil

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Gold prices increased due to rise in crude oil

On the Indian futures market MCX also rose strongly in gold and silver and crude oil futures on Wednesday.

Silver March contract up Rs 550 on MCX from last session


Gold and silver and crude oil futures were also traded on the Indian futures market MCX on Wednesday, after the bullion and crude prices rose in the international market due to deepening military tension between the US and Iran. Strongly accelerated. In the domestic futures market, the gold price has once again reached a new high, while in the international market, it has remained at an almost seven-year high.


Speeds up on multi commodity exchange

India's largest futures market, Multi Commodity Exchange ie MCX, was trading at Rs 41,193 per 10 grams at 9.30 am on Wednesday in the February expiry contract of gold at Rs 41,193 per 10 grams, compared to the previous price of Rs 40,946. Opened at Rs 41,278 per 10 grams.

Silver trend too fast

MCX silver was trading at Rs 48,661 per kg, up Rs 550, or 1.15 per cent, from the previous session in the March contract. At the same time, in the January contract of crude oil, MCX was trading at Rs 4,572 per barrel, up by Rs 78, or 1.74 percent from the previous session. Bullion has gained momentum in the international market due to deepening military tension between the US and Iran. In the international market, the price of gold crossed $ 1,600 an ounce on Wednesday. In the global market, the price of gold has gone up to $ 1,600 an ounce after seven years. On Wednesday, gold on the international futures market Comex was trading at $ 1,591.35 an ounce, a gain of $ 17.05, or 1.08 per cent, in the February contract, while gold traded up on Comex to $ 1,612.95 per barrel during the previous trading, which was on February 19. This is the highest level since 2013 when gold rose to $ 1,617 an ounce.

Boom in global market

Bullion has gained momentum in the international market due to deepening military tension between the US and Iran. In the international market, the price of gold crossed $ 1,600 an ounce on Wednesday. In the global market, the price of gold has gone up to $ 1,600 an ounce after seven years. On Wednesday, gold on the international futures market Comex was trading at $ 1,591.35 an ounce, a gain of $ 17.05, or 1.08 per cent, in the February contract, while gold traded up on Comex to $ 1,612.95 per barrel during the previous trading, which was in February 2013. The highest level after gold was when gold rose to $ 1,617 an ounce.

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