Silver To Reach New Record Level Of Rs 78,000 Per Kg, Gold Rates Also At New Height

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In the domestic futures market, the price of silver touched a record high of Rs 77,949 per kg on Friday and gold also touched a record high of Rs 56,191 per 10 grams.

In the domestic futures market, the price of silver touched a record high of Rs 77,949 per kg on Friday and gold also touched a record high of Rs 56,191 per 10 grams. Due to the rise in gold and silver in the international market, expensive metals are continuously touching new heights in the Indian market. However, there is also pressure on profit booking at higher prices.The September expiry contract for silver on Multi Commodity Exchange (MCX) was trading at Rs 76300 per kg, up by Rs 248, or 0.33 per cent, from the previous session at 10.19 am on Friday, while silver traded at Rs 77,949 during the previous trade. The rupee rose to a kilo, which is a new record. However, silver slipped by Rs 75,063 per kg during early trade.

Gold futures on MCX were trading at Rs 55,853 per 10 grams, up eight rupees in the October futures contract, while gold rose by Rs 56,191 per 10 grams during the previous trade, which is a record level so far. However, during the initial trade, the price of gold slipped by Rs 55,506 per 10 grams.

The October futures contract for gold on the international futures market Comex was trading at $ 2056.75 an ounce, down $ 1.65, or 0.08 per cent, from the previous session, while the previous price rose to $ 2,077.85 an ounce, a new record level. Comex was trading at $ 28.46 an ounce, up 0.33 per cent from the previous session in the September contract for silver, while silver rose to $ 29.91 an ounce during trading on Comex. The price of silver on Comex jumped to a record $ 49.83 an ounce in April 2011, a record.

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