Advertisment

Gold and silver prices shoot up again

author-image
Rajan Nath
New Update
Gold and silver prices shoot up again
Advertisment
The prices of gold and silver in India have again shot up after a sharp fall over the previous two days due to the recovery in global rates. Reportedly, the Spot gold prices in India(Rs. 52000.0) have increased while on Thursday it was Rs. 51990.0. The Indian spot gold price as of Friday is Rs. 52000.0 which has increased by 0.02 percent. The global spot price is $1950.0. publive-image According to the Multi Commodity Exchange (MCX), the October gold futures were up by 0.4 percent to Rs 52,345 per 10 gram while the silver futures have increased by Rs 1,000 to Rs 68579 per kg.
Advertisment
publive-image In the previous two sessions, the gold price had plunged by about Rs 1,500 per 10 gram while silver was around Rs 1,650 per kg. As per the report, the Spot gold was up by 0.4 percent at $1,949.83 per ounce while silver witnessed hike by 0.6 percent to $27.38 per ounce. Keeping in view the spurt in incidence of snatching and vehicle theft & Burglary cases, senior officers has issued special directions and instructions to curb and detect this crime. Working on the directions of the senior officers, on 29.6.2020, acting on secret information a team of Police Station-34 Chandigarh led by SI Om Parkash alongwith police party acted promptly under the supervision of Inspector Baldev Kumar, SHO Police Station-34 Chandigarh. The team laid down naka near Dispensary Sector-45 Chandigarh and apprehended two suspects namely Suraj Singh S/o Mohinder Singh & Vinod Baswal S/o Dashrath both Resident of H. No. 228 Dhanas Chandigarh, permanent resident of Badau Uttar Pardesh. With the arrest of these accused case of Burglary has been worked Out Case FIR No. 99 dated 27.5.2020 U/s 380,411 IPC Police Station-34. The accused were produced in court and with their interrogation during police remand, Gold Ornamenents, Crdit Cards, Cheque Book have been recovered from them. The criminals have criminal history having cases of property crime registered against them. The accused are on 2 days police remand. The interrogation of theses accused is going on and many recoveries to be effected from them. Meanwhile, the analysts are expecting the gold prices to remain high in the near term. However, it has been reported that the buying interest is likely to emerge at lower levels in the wake of challenges faced by the US and global economy. Also Read | Militants release video of Baramulla attack, police claims ‘we killed all including the one shooting video’ As per the report, Kotak Securities stated that the prices remain steady because of the increase in coronavirus cases. It has forced countries to take restrictive measures threatening the recovery of the economy. Also, it also added that the tension between the US and China has also kept gold prices steady. -PTC News-
gold silver
Advertisment

Stay updated with the latest news headlines.

Follow us:
Advertisment