(Juhi Aishwary, Intern Journalist): On Friday, gold prices have seen an increase in the futures market. Gold futures on June 5, 2020, on the MCX exchange, we’re trending at Rs 46,560 per 10 grams, rising 0.33 percent or Rs 155 on Friday morning. If you talk about the futures price of gold on MCX on August 5, 2020, it was trending at 0.46 percent, or Rs 198, at Rs 46,691 per 10 grams on Friday morning. Besides, gold futures on October 5, 2020, were trading at Rs 46,775 per 10 grams on MCX on Friday morning, up 0.09 percent or Rs 44.
Along with gold in the futures market, the price of silver has also increased on Friday. On Friday morning on MCX, silver futures of July 3, 2020, were up by 0.31 percent or Rs 152 to trade at Rs 48,710 per kg.
In the global market, both gold futures and spot prices have seen an increase on Friday morning, on Friday morning, the global futures price of gold was trading up 0.30 percent or $ 5.10 on Comex at $ 1733.40 an ounce. At the same time, the global spot price of gold was trending at $ 1,720.98 an ounce, rising 0.15 percent or $ 2.65.
The global market saw a drop in silver futures on Friday morning and an increase in the spot price. On Friday morning, the global spot price of silver was up 0.39 percent, or $ 0.07, at $ 17.44 an ounce. At the same time, the global futures price of silver was down by 0.07 percent or $ 0.01 on Comex at $ 17.95 an ounce on Friday.