Along with gold, silver prices are also witnessing an upward trend. Silver for September delivery on MCX was trading higher by Rs 383 at Rs 69795 per kg.
In Thursday’s trading session, gold prices are rising by Rs 173 on the Multi Commodity Exchange at 1 pm. However, a declining trend in gold was being seen in the morning trading. But as soon as noon, the yellow metal made a rapid recovery. On MCX around 1 pm, it was trading at Rs 48472 per 10 grams with a gain of Rs 173.
Along with gold, silver prices are also seeing an upward trend. Silver for September delivery on MCX was trading higher by Rs 383 at Rs 69795 per kg. Talking about the morning session, gold had a high of Rs 48,501 and a low of Rs 48,250.
Slight rise in bullion market
Earlier in the trading session on Wednesday, there was a slight increase in the prices of gold in the bullion market. On Wednesday, gold rose marginally by Rs 23 to Rs 47,024 per ten grams. HDFC Securities gave this information. Due to this, gold had closed at Rs 47,001 per 10 grams in the previous trading session. Where there was a rise in gold, silver prices were down by Rs 399 and it was at Rs 67,663 per kg.
Tomorrow is the investment opportunity
In the midst of rising gold prices, till tomorrow is the chance to invest in government gold. In fact, the Sovereign Gold Bond scheme of the government is open for subscription till 16 July 2021. According to the Reserve Bank of India (RBI), the price of this Sovereign Gold Bond Scheme 2021-22 – Series IV is Rs 4,807 per gram. The Reserve Bank, in consultation with the Government of India (GoI), will give a discount of Rs 50 per gram to investors who make online application and pay digitally. According to RBI, the issue price for such investors will be Rs 4,757 per gram of gold.
However, to increase the interest of gold investors in the Gold Investment Scheme backed by the Government of India, State Bank of India (SBI) has listed six golden reasons that are enough for an investor to invest in this scheme.