Gold Silver Rate: Gold and silver are trading in different directions in the bullion market today. A strong increase is being seen in the price of gold and it is again seen going around Rs 79,000. The price of gold is rising in the commodity market and due to this, there is a movement in the prices of both the precious metals today. 

Know the latest price of gold and silver

The price of gold on the Multi Commodity Exchange (MCX) has risen by Rs 392 or 0.50 percent to Rs 78730 per 10 grams. These rates are for February futures. This rise in gold is due to some domestic reasons and some global reasons. Among domestic reasons, the increasing demand for gold due to the wedding season can be considered the main reason. Among global reasons, due to fluctuations in the price of the dollar, the price of gold has also risen and it is available at a higher price.

Know the price of silver

The price of silver on MCX for its February futures is on a decline today and it is being bought at lower prices. The February contract of silver is seeing a decline of Rs 217 or 0.23 percent and is selling at the rate of Rs 95308 per kg. Silver prices have come down from its highest levels and global reasons can be considered the main reason behind this. There is also a decline in the industrial demand of silver and its rates are slipping down.

How are the prices of gold and silver in the international market

In the international market, the rate of gold has risen by $12.19 per ounce or 0.45 percent to $2730.59. In this too, the opposite effect of the dollar's movement is being seen and it is trading strongly. If we look at the rate of silver, it has fallen by $0.109 or 0.33 percent to $32.638 per ounce.