Silver’s shine remains intact, prices touch high level

In line with the strong trend in foreign markets, the price of silver touched an all-time high of Rs 97,100 in the local market on Wednesday while gold prices rose by Rs 250. Silver prices rose by Rs 1,150 to Rs 97,100 per kg. On Tuesday it closed at Rs 95,950 per kg.

Silver in futures trading also reached an all-time high of Rs 96,493 per kg on Wednesday on the Multi Commodity Exchange (MCX). Meanwhile, the price of gold in the national capital rose by Rs 250 to Rs 73,200 per 10 grams. In the previous session, gold closed at Rs 72,950 per 10 grams. HDFC Securities Senior Analyst (Commodities) Saumil Gandhi said, “The spot price of 24 carat gold in Delhi bullion market rose by Rs 250 to Rs 73,200 per 10 grams.”

In the international market, the spot price of gold on Comex rose by six dollars to $ 2,352 an ounce. According to Gandhi, “Gold prices rose slightly on Wednesday, as demand for the safe metal after another attack on a ship in the Red Sea increased geopolitical tensions in the Middle East.