Gold became stronger because of this
According to the news, in the international market, gold was strong at $ 1,696 an ounce but silver remained almost constant at $ 25.50 an ounce. HDFC Securities Senior Analyst (Commodities) Tapan Patel said that the weakening of the dollar strengthened the price of gold
Gold futures strengthened due to rising spot demand to increased demand in the spot)
On the rise in demand in the spot market, speculators increased their deals, due to which gold rose by Rs 212 to Rs 44,430 per 10 grams in futures market on Tuesday. The gold contract for April delivery at Multi Commodity Exchange (MCX) rose by Rs 212, ie 0.48 percent to Rs 44,430 per 10 grams. Under this contract, deals were done for 11,976 lots. Analysts believe that the futures market gained momentum due to speculators increasing their deals further in the market. At the same time, gold rose 1.02 percent to $ 1,695.10 an ounce on the New York Exchange.
Silver futures rise on spot demand due to spot demand
Due to strong spot demand, traders increased the size of their deals, causing silver futures to rise by Rs 526 to Rs 66,378 per kg in the futures market on Tuesday. At the Multi Commodity Exchange, silver for delivery in May rose by Rs 526, or 0.8 per cent, to Rs 66,378 per kg, with a turnover of 12,232 lots. Market experts said that new positions were exchanged by merchants on the rear of a firm pattern in the homegrown market, which prompted an ascent in silver prospects. having had.