As the lockdown progresses, gold prices have also increased. This is why gold is trending at its highest level on Monday in the domestic futures market. On Monday morning, gold futures on June 5, 2020, on the MCX exchange were up by Rs 389 to trade at their all-time high of Rs 47,770 per 10 grams.
Apart from this, the gold futures price of 5 August 2020 on MCX was also trending at its all-time high on Monday morning. It was trending at Rs 47,960 per 10 grams with an increase of Rs 391. Domestic futures prices of gold are seeing this rise due to the rise in global prices and the proceeding of lockdown.
On the other hand, there is a tremendous increase in silver prices on Monday. On Monday morning, the silver futures of MCX were trending at 2.48 percent or Rs 1,302 on Monday morning at Rs 48,020 per kg on MCX.
Talking about the global market, here too, there is a significant increase in both gold futures and spot prices on Monday morning. According to Live Heed, the global futures price of gold was trading 0.71 percent, or $ 12.50, at $ 1768.80 an ounce on Comex on Monday morning. At the same time, the global spot price of gold was increasing by 1 percent or $ 17.46 to trade at $ 1,761.13 an ounce.
Globally, silver prices are also seen increasing on Monday morning. On Monday morning, the global spot price of silver was up 3.13 percent or $ 0.52 to trade at $ 17.13 an ounce. Besides, the global futures price of silver was trading up by 2.87 percent, or $ 0.49, at $ 17.56 an ounce on Comex on Monday morning.