Due to strong spot demand, ula hoops have bought new businesses and this is why gold prices in the futures market have increased from Rs 352 per 10 grams to Rs 48,028. On the other hand, silver has risen from Rs 982 to Rs 72,067 per kg, while crude oil has risen from Rs 14 per barrel to Rs 4,800.
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On the Multi Commodity Exchange, gold for delivery in June was Rs 352. Or 0.74 per cent, at Rs 48,028 per 10 grams. It traded for 6,936 lots. Market analysts said that the buyers’ fresh futures purchases led to a rise in gold prospects. Globally, gold in New York rose 0.82 per cent to $ 1,853.10 per ounce.
Silver futures prices on spot demand
Due to strong spot demand, traders increased the size of their businesses, with silver price rising from Rs 982 to Rs 72,067 per kg in Monday’s futures trading. On the Multi Commodity Exchange, the futures contract for the issuance of silver in July was Rs 982. Or 1.38 per cent, to Rs 72,067 per kg. The futures contract traded for 10,324 lots. Market analysts said new positions were being traded by traders in the back of the trend in the domestic market, which led to a rise in silver futures. Globally, silver rose 1.66 per cent to $ 27.82 per US dollar.
Crude oil futures prices will also rise
On Monday, crude oil prices jumped from Rs 14 to Rs 4,800 per barrel. On the Multi Commodity Exchange, the May delivery deal for Kutchel is priced at Rs 14 per barrel. Or 0.29 per cent to Rs 4,800, with a trading volume of 2,956 lots. Market analysts said that as crude oil prices soared in the near future, traders increased their trading volume.
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Globally, New York’s West Texas Intermediate crude price rose 0.24 percent to $ 63.53 a barrel. However, Brent crude, which is considered the global benchmark, rose 0.31 percent to $ 68.92 a barrel.
