Gold Rate Rises In India

On May 30, the price of gold stayed steady at around Rs 73,000 for 10 grams. Specifically, pure 24-carat gold was priced at Rs 73,210 for 10 grams, while 22-carat gold was around Rs 67,110. In contrast, silver prices saw a significant increase, reaching Rs 97,800 per kilogram. This upward trend in silver prices could signal a potential shift in the market, prompting investors to consider silver as a potential investment.

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On the Multi Commodity Exchange (MCX) on May 30, 2024, trading in gold futures (contracts for August 5, 2024) was notably quiet. This could present a favorable opportunity for investors to enter the market. The price dropped to Rs 72,092 for 10 grams. Silver futures (contracts for July 5, 2024) were priced at Rs 94,960 per kilogram.