Gold Rises By 0.50% While Silver Hikes 1.24% Per 10 Gram

In the festive season, the purchase of gold and silver increases at a higher range. Experts believe that this time on Diwali, gold can be cheaper. At the same time, on Tuesday MCX Gold price has seen a rise in the prices. Also, the increase in silver prices continues.

According to the official website of Multi Commodity, on October 4, the price of gold is trading 0.50 per cent higher at Rs 51,416 per 10 grams. Apart from this, silver prices are trading at the level of 61,665 with a rise of 1.24 per cent today.

Apart from this, in the international market too, the prices of gold and silver continue to rise. Gold prices are up by 1.90 per cent, after which the spot price of gold has gone up to USD 1,695.92 an ounce. Apart from this, silver has jumped 8.46 per cent. After this rise, the price of silver has gone up to USD 20.72 an ounce. According to experts, if the price of gold falls below the level of Rs 49,650, then its price can break up to Rs 48,000. If it falls below that, it can slip up to Rs 46,600. If there is a fall in gold, then this will be a very good opportunity for people to buy. However, after a long term, there will be an increase in the prices of gold.