Huge jump in the price of gold and Silver today

The price of gold and silver has gained momentum. Today on Tuesday, while the price of gold is showing a rise, there is a tremendous jump in the price of silver as well. Gold has become costlier by Rs 409 today on the Multi Commodity Exchange (MCX).

On MCX, gold is trading at Rs 52588.00 when the market opens this morning while silver is trading at 68305.00 with an increase of Rs 1011.0. Last week, there is an increase in the price of gold and silver.

The price of gold and silver is showing an increase. Today, the price of 22 carat gold is trading higher at Rs 48868, while the price of 24 carat gold is trading at Rs 53310. Here the average price of 20 carat gold is Rs 44425 and 18 carat gold is trading at Rs 39983. At the same time, the rate of 16 carat gold has reached Rs 35540.

The country's gold imports have increased by 73 percent to $ 45.1 billion in the first 11 months (April-February) of 2021-22. Gold imports have increased due to increasing demand. In the corresponding period of last financial year, the figure of gold import was $ 26.11 billion.