Silver Gold Price: The wedding season is going on in the country and during this time there is a lot of buying of gold and silver. Currently, there is a rise in the price of silver and after a jump of Rs 1200 in the bullion market on Wednesday early in the morning, this shiny metal is shining again with a rise today. On the basis of the increase in the international market, the upward trend in the rates of gold and silver continues in the domestic market.

Silver prices on the rise in the international market

The price of silver on MCX is currently selling at Rs 91329 per kg and it has started moving towards its high level again. On the Multi Commodity Exchange, the March futures of silver jumped by Rs 1200 (Rs 1194) and is showing an increase of 1.32 percent. In the morning, the trading of silver started with a jump of more than Rs 1000. The price of silver is on the rise in the international market and due to this, silver is also gaining strength in the domestic market, be it bullion market or commodity market. 

There was also an increase in the rate of gold

The rise in the price of gold continues and it has crossed 77 thousand. Gold futures on MCX are being sold at Rs 77130 per 10 grams in February. Once again gold seems to be moving towards its all-time high and the rate of this golden metal is seeing an increase. 

Price of gold and silver in the international market

The February contract of gold on Comex is trading at $2687.66 per ounce today and its price is seeing a jump of $26.16 or 0.98 percent. Silver is also seeing a great jump on Comex and it is seeing a jump of 1.62 percent and it is seen at $31.185 per ounce.

What does the gold and silver expert have to say?

Colin Shah, MD of Kama Jewellery, says that the price of gold and silver will continue to rise as these precious metals are continuously gaining momentum in the international markets. Talking about gold, it is trading at a rate of Rs 78,000, 5 percent below its all-time high. Considering gold as a safe asset, the buying trend will continue in it because due to the current geo-political tension in the Middle East and the possibility of the Russia-Ukraine war going on for 3 years after dragging on till February, gold will continue to shine.